SHIB Shows Strong Resilience with 4x Volume Surge – Signs of Whale Accumulation?
After a sharp drop, Shiba Inu (SHIB) has staged an impressive rebound, supported by a near 4x surge in trading volume, according to CoinDesk Research. The token is now holding firm above the critical $0.000015 level, with analysts spotting signs of strong accumulation despite ongoing volatility.
### Key Takeaways:
- Massive Volume Spike: SHIB saw a staggering 2.83 trillion in trading volume—**nearly 4x its average**—helping it recover from a dip to $0.0000143.
- Psychological Support Holds Strong: The $0.000015 level has been tested multiple times and remains a key consolidation zone.
- Institutional Interest? Rapid rebounds and high-volume candles suggest possible whale or institutional accumulation, rather than just retail trading.
- Resistance Tests: SHIB tested $0.0000151 twice, with bullish momentum building in the final hours of the session.
### Price Action Breakdown:
- SHIB climbed from $0.0000146 to $0.0000150 (+2.85%) with notable volatility.
- A sharp drop to $0.0000143 at 17:00 UTC was met with heavy buying pressure, leading to a strong recovery.
- Three consecutive high-volume candles (23:00-01:00 UTC) solidified support above $0.000015.
- A late surge at 01:22 UTC briefly broke resistance at $0.0000151, reaching $0.00001514 before a slight pullback.
### What’s Next for SHIB?
With strong volume support and repeated tests of resistance, SHIB appears to be building momentum for a potential upward continuation. If accumulation patterns persist, we could see another push toward higher levels.