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Memecoins News: SHIB Surges 5% After Mid-Day Dip, Shows Resilience Amid Market Volatility
May 26, 2025 – Crypto Market Update
Shiba Inu (SHIB), one of the most popular memecoins, displayed remarkable resilience in Monday's trading session. After an intraday dip to $0.0000139, SHIB rebounded sharply, closing the day with a +5.24% gain, according to CoinDesk Research.
Technical Snapshot:
Price Range: $0.0000139 – $0.0000147
Resistance Level: $0.0000147
Support Level: $0.00001455
Intraday Volume Spike: ~900 billion tokens
Peak Hourly Volume: 30.15 billion tokens (22:00 hour)
SHIB's sharp rebound was triggered by a strong surge in buy-side volume late in the session. A brief but significant rally pushed prices to a new resistance at $0.0000147, with a notable 3.0% gain in just one hour during the rebound phase.
On-Chain Signals: Long-Term Holders Stay Strong
On-chain metrics show that ~1.13 million wallets have held SHIB for more than a year, underscoring strong community confidence. These long-term holders have shown minimal reaction to broader market volatility, which speaks volumes about the token's support base.
Market Context: Holding Strong Amid Uncertainty
SHIB's performance contrasts with the wider crypto market, which continues to reel from macroeconomic pressures, including global inflation concerns and recent tariff policy developments. Despite these headwinds, SHIB showcased impressive market depth and technical strength.
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