Shiba Inu Roars Back: 2T+ SHIB Volume Fuels V-Shaped Rebound
Shiba Inu defies the doubters with a jaw-dropping recovery—powered by a tsunami of 2 trillion SHIB changing hands. Meme coin or not, that’s institutional-grade volume.
The Dogecoin Killer’s Lazarus Act
After weeks of bleeding out, SHIB’s chart just pulled off the crypto equivalent of a backflip. Traders piled in as the token found its footing, triggering a classic V-shaped reversal that’s got even Bitcoin maximalists side-eyeing the charts.
Liquidity Tsunami
That 2 trillion SHIB volume wasn’t retail FOMO alone. On-chain sleuths spot whale-sized moves—someone’s either accumulating or preparing an exit worthy of a Wall Street bonus season cash-out.
Whether this is the start of a new meme season or just another dead cat bounce, one thing’s clear: in crypto, even the ‘joke’ assets move faster than your traditional portfolio manager’s morning coffee order.
Key AI insights
- SHIB has recovered from a significant dip to $0.00001008, stabilizing around $0.00001081 with strong volume support during the recovery phase.
- Geopolitical tensions and trade disputes continue to influence cryptocurrency markets, with SHIB's price action forming a clear V-shaped recovery pattern.
- Volume spiked to nearly 8 trillion units during the 11:05 candle, indicating strong market participation.
- A double-top pattern formed at around $0.00001083, with significant selling pressure at this resistance level.
Hourly chart
- SHIB's price has taken out the descending trendline, characterizing the sell-off from Friday.
- Prices, however, are yet to cross above the Ichimoku cloud, a momentum indicator. That would confirm a bullish trend reversal.
