4x Surge in Volume and Robust Support at $0.000015

SHIB’s impressive strength in the last trading session reflects a rise in investor trust despite the chaotic market conditions.

The token’s recovery from a swift decline to 0.0000143, accompanied by significant trading volumes, indicates more institutional buying and less retail-driven fear.

With the psychological barrier at 0.000015 remaining intact and several attempts to breach the upper resistance, SHIB seems ready for a potential rise if the ongoing accumulation trends continue.

Key Findings from Technical Analysis

• Over a 24-hour timeframe, SHIB showed strong resilience, increasing from 0.0000146 to 0.0000150, marking a 2.85% increase with a fluctuation of 0.00000081 (5.64%).
• The token faced considerable volatility at 17:00 when it dropped to 0.0000143 but quickly found robust volume support.
• A significant volume surge of 2.83 trillion—almost four times greater than the average—was crucial for stabilizing during the rebound.
• Key resistance levels at 0.0000151 were tested twice, with accumulation patterns developing in the final hours.
• Three consecutive high-volume candles (from 23:00 to 01:00) created a solid base above the key psychological level of 0.000015.
• In the final hour, SHIB displayed considerable volatility, surging above the 0.0000151 resistance mark at 01:22, reaching 0.00001514 by 01:31.
• Increased trading volumes fueled this upward momentum, particularly noticeable during the 01:36 candle that saw nearly 80 billion in volume.
• A sharp pullback occurred at 01:37-01:38, reducing the price by 5% to 0.00001505 before forming a consolidation pattern.