$SHIB Makes Notable Comeback Following Afternoon Sell-Off

Geopolitical conflicts and evolving trade regulations significantly impact the cryptocurrency market, highlighted by the resilience of Shiba Inu’s SHIB token despite ongoing economic challenges.

Following a substantial sell-off during the midday session, SHIB made a remarkable comeback, increasing by 3.0% during the hour of 22:00 on a trading volume nearing 900 billion, ultimately reaching a new resistance point of $0.0000147.

### Technical Analysis Key Points
– Over a 24-hour span, SHIB fluctuated within a defined range of 0.000007 (5.24%), hitting a low of 0.0000139 and a high of 0.0000147.
– A notable drop occurred around 15:00, with the token sinking to its lowest price before recovering due to strong support in trading volume.
– A significant rebound took place at 22:00, as the price surged by 3.0% on substantial trading volume.
– Continuing bullish momentum persisted into the evening, establishing a new resistance at 0.0000147.
– In the final hour, SHIB displayed considerable volatility with a 4.5% price fluctuation, ranging from a low of 0.00001453 to a high of 0.00001463.
– After finding solid support at 0.00001455, SHIB began a sharp recovery at 01:26, reaching 0.00001463 by 01:46 with an uptick in volume peaking at 30.15 billion.
– Selling pressure emerged in the last 15 minutes, creating a descending channel that pushed prices back down to 0.00001457.