Shiba Inu (SHIB) has demonstrated impressive resilience amid global economic uncertainties, recovering strongly after bottoming at 0.00001405 during mid-day trading.
The token’s price action shows a clear structure forming with a short-term support zone around 0.00001447 and immediate resistance at 0.00001452 that could determine its near-term direction.
Technical Analysis Highlights
- SHIB experienced significant volatility over 24 hours, with prices ranging from 0.00001402 to 0.00001458, representing a 4% overall range.
- The token bottomed at 0.00001405 during the 15:00 hour before staging a powerful rally on above-average volume.
- Most notable price action occurred during 23:00-00:00 period, where SHIB surged 1.44% on exceptionally high volume (756.55B).
- A high-volume resistance breakthrough at the 0.00001456 level could serve as strong support in future sessions.
- In the past hour, SHIB reached a local peak of 0.00001456 at 01:13 before declining to 0.00001446 around 01:32.
- SHIB surged 0.88% on elevated volume (15.91B) during the 01:51 period, breaking through the 0.00001450 resistance level.
- A short-term support zone appears to be forming around 0.00001447, with immediate resistance at 0.00001452.
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