Shiba Inu Roars Back: 2T+ SHIB Volume Fuels V-Shaped Rebound
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Shiba Inu's meme coin defies gravity—again. After a brutal dip, SHIB stages a textbook V-shaped recovery backed by a staggering 2 trillion tokens changing hands. Here's what's pumping the bounce.
Volume tells the story. When retail traders pile into a meme coin with the subtlety of a bull in a china shop, you get numbers like these. The 2T+ SHIB volume surge suggests either reckless FOMO or a calculated accumulation phase—take your pick.
The crypto casino stays open. While fundamentals remain as thin as a Shiba Inu's patience on leash, liquidity is the only metric that matters in meme land. Just don't ask what happens when the music stops.
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.
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