Ongoing market turbulence is presenting short-term buying opportunities, with Shiba Inu’s SHIB token showing notable resilience despite wider economic and geopolitical uncertainty.
Heightened geopolitical tensions and shifting global trade dynamics continue to weigh on crypto markets. Yet, SHIB has defied the trend, bouncing back from a sharp mid-day sell-off with a strong late-session rally.
After dipping during the 15:00 hour, SHIB reversed course and surged 3.0% during the 22:00 hour, driven by nearly 900 billion in trading volume. The recovery helped the token establish a new resistance level at $0.0000147.
Technical Overview:
- Over the past 24 hours, SHIB traded within a 5.24% range, between a low of $0.0000139 and a high of $0.0000147.
- The 15:00 hour saw heavy selling, dragging the token to its daily low before strong volume support helped stabilize price action.
- A powerful rebound took shape at 22:00, pushing the price up 3.0% on high volume, signaling renewed bullish sentiment.
- SHIB maintained upward momentum into late trading, solidifying resistance at $0.0000147.
- In the most recent hour, the token saw heightened volatility, swinging 4.5% between $0.00001453 and $0.00001463.
- A rally from $0.00001455 to $0.00001463 began around 01:26, backed by rising volume that peaked at 30.15 billion.
- However, in the final 15 minutes of trading, renewed selling pressure formed a descending channel, pulling SHIB back down to $0.00001457.
Despite the macroeconomic headwinds, SHIB’s strong recovery and volume-backed moves highlight persistent buyer interest, potentially setting the stage for further gains if current support levels hold.
