Despite growing uncertainty across global financial markets, Shiba Inu ($SHIB ) demonstrated notable resilience, posting a strong recovery and outperforming many other cryptocurrencies.


As geopolitical tensions and trade-related volatility weigh on broader market sentiment, SHIB defied the trend with an impressive intraday gain of over 5%. Following a sharp midday selloff, the token rebounded during the evening trading session, capturing renewed interest from traders and analysts alike.


Key Price Action and Volume Surge


A pivotal moment occurred around 10:00 PM when SHIB surged 3.0%, fueled by a significant uptick in trading volume—nearly 900 billion SHIB tokens were exchanged within a single hour. This marked the beginning of a renewed bullish phase that continued into the early morning.


Between 1:26 AM and 1:46 AM, SHIB advanced further from $0.00001455 to $0.00001463, accompanied by a volume peak of 30.15 billion tokens. This movement added to growing optimism that SHIB may be staging a breakout from its recent range.


Technical Overview: Support and Resistance Levels


Over the 24-hour period, SHIB traded within a defined range between $0.0000139 (daily low) and $0.0000147 (established resistance), representing a 5.24% spread. Despite a sharp correction in the afternoon, strong buying pressure near the lower bound helped initiate a robust recovery.


However, during the final hours of the trading day, SHIB encountered mild selling pressure, forming a descending channel and retracing toward $0.00001457. Market observers are closely watching the $0.00001450 support level, which remains critical for sustaining bullish momentum.


Market Sentiment and Forward Outlook


Overall sentiment around SHIB remains positive, bolstered by increased community engagement, the rising popularity of DeFi projects such as Mutuum Finance, and SHIB’s ongoing correlation with Ethereum’s price movements.


Analysts are cautiously optimistic, eyeing a near-term target range of $0.000015 to $0.000016, provided SHIB can maintain current momentum and trading volume. On the broader daily chart, the asset appears to be forming a bullish structure, with the Relative Strength Index (RSI) still comfortably below overbought territory—signaling potential for further upward movement.


A successful breakout above $0.0000147 could open the door to a medium-term price target of $0.0000178, with the possibility of a retest of the April 2024 high near $0.000020.


Conclusion


Shiba Inu’s recent performance highlights its capacity to withstand macroeconomic and geopolitical pressure, distinguishing itself as one of the more resilient altcoins in the market. As it navigates key technical levels, traders and investors are watching closely for confirmation of continued upward momentum.


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