SHIB Bounces Back Strong, Volume Surges Nearly Fourfold, Holding Key $0.000015 Support
On May 22, SHIB staged an impressive recovery following a sharp dip, buoyed by a nearly 4x spike in trading volume that helped it hold steady above the crucial $0.000015 level. Analysts highlight this as a sign of robust accumulation amid ongoing market volatility.
Despite turbulent conditions, SHIB’s resilience during the recent trading session signals growing confidence from investors, likely driven by institutional buyers rather than retail panic.
After briefly dropping to a low of 0.0000143, the token rallied strongly, supported by a massive surge in volume that underscores significant buying pressure. The psychological support at $0.000015 held firm, while multiple attempts to break above resistance suggest the possibility of further upward momentum if the current accumulation trend continues.
Technical Insights:
- SHIB climbed 2.85% within 24 hours, moving from 0.0000146 up to 0.0000150, trading within a 5.64% volatility range (0.00000081).
- A sharp drop at 17:00 to 0.0000143 was quickly countered by heavy volume buying.
- Trading volume spiked to 2.83 trillion, nearly four times the usual average, providing key support during the rebound.
- Resistance near 0.0000151 was tested twice, with accumulation patterns developing late in the session.
- Three high-volume candles between 23:00 and 01:00 laid a solid foundation just above the $0.000015 mark.
- At 01:22, SHIB surged above 0.0000151, reaching 0.00001514 by 01:31, backed by strong volume — notably 80 billion during the 01:36 candle.
- A quick correction followed, pulling prices down 5% to 0.00001505 between 01:37 and 01:38 before settling into a consolidation phase.
These movements suggest that SHIB is holding firm amid volatility, with accumulation potentially setting the stage for further gains.
