“SHIB is climbing again” – this is how analysts described the behavior of the Shiba Inu token after a sudden surge amid economic instability and geopolitical risks.
After a sharp decline at 15:00, when the price dropped to $0.0000139, SHIB unexpectedly recovered. By 22:00, it had gained 3% on nearly 900 billion in trading volume. This helped establish a new resistance level at $0.0000147.
Traders noted a 24-hour fluctuation range of 5.24%, with significant volatility in the final hour — a 4.5% swing between $0.00001453 and $0.00001463. After finding support at $0.00001455, SHIB climbed to $0.00001463 in just twenty minutes. Volume peaked at 30.15 billion. However, selling pressure emerged in the last 15 minutes, and the price corrected to $0.00001457.
SHIB once again showed resilience in a turbulent market and remains a compelling option for short-term traders.