$SHIB $SHIB

Shiba Inu (SHIB) experienced a notable rebound on May 29, 2025, recovering from an intraday low of $0.00001405 to reach a peak of $0.00001456, marking a 1.2% gain. This recovery was accompanied by a significant surge in trading volume, exceeding 500 billion tokens within 24 hours, indicating strong investor interest and potential accumulation by large holders .

The price movement occurred amid rising geopolitical tensions and trade policy uncertainties, which have contributed to increased volatility in the cryptocurrency markets. Despite these challenges, SHIB demonstrated resilience, with a 3.99% price range over the 24-hour period .

Technical analysis suggests that SHIB has established a short-term support zone around $0.00001447, with immediate resistance at $0.00001452. A decisive break above this resistance level could signal a bullish breakout, attracting further buying interest .

The SHIB community, often referred to as the "SHIB Army," continues to monitor these developments closely. Community-driven initiatives, such as token burning and ecosystem expansion, may further influence SHIB's price dynamics in the near term.

As of the latest data, SHIB is trading at approximately $0.00001354, reflecting a slight decrease of 0.061% from the previous close. The intraday high and low stand at $0.00001447 and $0.00001343, respectively.

Investors are advised to stay informed about market trends and conduct thorough research before making investment decisions, especially in the context of ongoing economic uncertainties.