SHIB's remarkable resilience in recent trading sessions shows increasing confidence among investors despite market volatility.
The token's recovery after a sudden drop to 0.0000143 with strong volume support indicates accumulation by institutions rather than panic from retail investors.
With the psychological support level at 0.000015 holding strong and multiple tests of the upper resistance level, SHIB seems poised to continue its upward momentum if the current accumulation pattern persists.
Technical Analysis Highlights
SHIB has demonstrated remarkable resilience over the past 24 hours, rising from 0.0000146 to 0.0000150, representing a 2.85% increase with a range of 0.00000081 (5.64%).
The token experienced significant volatility at 17:00 when the price dropped sharply to 0.0000143 before finding strong volume support.
Trading volume surged to 2.83 trillion - nearly 4 times the average - providing important support during the recovery phase.
The important resistance level at 0.0000151 was tested twice during this period, with accumulation patterns forming in the last hours.
Three consecutive large volume candles (23:00-01:00) created a solid foundation above the psychological level of 0.000015.
In the past hour, SHIB has shown significant volatility with a notable price increase at 01:22 when it broke through the resistance level of 0.0000151, reaching 0.00001514 at 01:31.
High trading volume has supported the price increase, particularly in the 01:36 candle which recorded nearly 80 billion in volume.
A strong correction at 01:37-01:38 caused the price to drop 5% to 0.00001505 before establishing a consolidation pattern.
