Despite rising global uncertainty driven by geopolitical tensions and shifting trade conditions, Shiba Inu ($SHIB ) has proven to be one of the most resilient altcoins in the crypto market. After a sharp midday dip, SHIB staged a powerful evening rebound, closing the day with more than a 5% gain—drawing renewed interest from both traders and analysts.


While much of the crypto market struggled with sideways movement or bearish pressure, $SHIB defied expectations. A key breakout occurred around 10:00 PM, when the token surged 3.0% on the back of heightened trading activity, with nearly 900 billion SHIB tokens traded in just one hour.



24-Hour Technical Overview: Recovery Within a Defined Range


SHIB traded within a daily range of $0.0000139 (support) to $0.0000147 (resistance), covering a 5.24% price spread. Following the afternoon selloff, SHIB attracted strong buying interest at the local low, setting the stage for a solid rebound into the night.



Late-Night Surge Reinforces Bullish Sentiment


At 10:00 PM, SHIB’s rally gained momentum. Between 1:26 AM and 1:46 AM, the token moved from $0.00001455 to $0.00001463 while trading volume peaked at 30.15 billion tokens. This spike in both price and volume added weight to bullish projections, with some analysts identifying it as the beginning of a potential breakout.



Short-Term Pattern: Descending Channel & Support Watch


As trading wrapped up, SHIB began forming a mild descending channel, retracing slightly to $0.00001457. Analysts are watching this level closely—$0.00001450 is seen as a key support zone that must hold to maintain bullish momentum in the short term.



Sentiment & Market Outlook


Overall sentiment around SHIB remains optimistic. Contributing factors include a highly engaged community, growing interest in related DeFi initiatives like Mutuum Finance, and SHIB’s strong correlation with Ethereum price trends. Analysts believe a move toward $0.000015 to $0.000016 is possible in the near term.


Zooming out, the broader daily chart suggests SHIB is forming a bullish structure. The RSI is still below overbought territory, indicating there’s room for further gains. If momentum and volume continue to build, price targets include $0.0000178, with a potential retest of April 2024’s high near $0.000020.



Conclusion: SHIB Stands Strong Amid Market Uncertainty


Shiba Inu’s recent surge highlights its ability to outperform during uncertain times. With strong community support, improving technicals, and renewed volume, SHIB is positioning itself for a potential breakout. Investors and traders are watching closely as it tests key levels on the path to further gains.


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