# Analysis of #SHIB
Recent Movements:
## Market Overview
Analyzing the latest data of SHIB on Binance, we observe some interesting movements in the last 24 hours:
- **Current Price**: 0.000012921
- **Recent Variation**: SHIB experienced a recovery in the last hours after a drop during the day
## Key Points of the Analysis
1. **Recovery in the last hours**:
* SHIB rose from 0.000012788 to 0.000012921 in the last hour, representing an increase of approximately 1%
* Significant trading volume of 2.4 billion SHIB in the most recent hour
2. **Intraday Volatility**:
* Day's high: 0.000013059 (about 22 hours ago)
* Day's low: 0.000012703 (about 3 hours ago)
* Price range of approximately 2.8% in the last 24 hours
3. **Volume Patterns**:
* Notable volume peak 20 hours ago with 16 billion SHIB traded
* Second highest volume 4 hours ago with 23 billion SHIB, coinciding with a strong price recovery
4. **Short-term Trend**:
* SHIB is showing signs of recovery after a downward trend during the midday
* Support formation near the level of 0.000012750
## Outlook
SHIB appears to be in a consolidation phase with potential for recovery. The recent increase in trading volume suggests renewed interest from investors, especially in the last hours.
