Shiba Inu Bulls Mount Fierce Defense at Dual Support with 1 Trillion Volume - What’s Next for SHIB?
Shiba Inu isn't just barking—it's putting up one hell of a fight at critical support levels. With a staggering 1 trillion trading volume backing the move, SHIB bulls are drawing their line in the sand.
The Battle for Support
Dual support levels held firm as buyers stepped in with conviction. That volume figure isn't just impressive—it's a statement. Retail and whales alike are betting this meme coin has more than just hype behind it.
What Comes Next?
All eyes are on whether this defense holds. Break below these levels and we're looking at a much uglier picture. Hold and rally? That's when things get interesting. Because nothing says 'serious investment' like a token named after a dog breed—said every finance traditionalist currently clutching their pearls.
One thing's certain: in crypto, even the dogs fight harder than some hedge funds.
Bulls fuel SHIB comeback
SHIB shakes off volatility, powers from $0.000012295 to $0.000012574 close on heavy bullish flow. Token holds critical support, smashes through resistance barriers. Next target: $0.000012700 psychological level.
According to CoinDesk's AI technical insights model, $0.000012700 is the next level to beat for the bulls.
Technical data points to a bullish breakout
- SHIB traded within a $0.000012089-$0.000012705 range, which represents a 5% spread between session extremes.
- Institutional interest peaked between 13:00 and 14:00, andvolume surged past 1 trillion tokens.
- The price held above $0.000012250, confirming a strong demand floor.
- Mid-session selling pressure at 13:00 failed to crack $0.000012089 support.
- Resistance at $0.000012600 was penetrated, triggering a volume surge to 12.8 billion tokens.
CD20 maintained range-bound trading as SHIB volatility spiked. The Index reflected institutional selectivity across major crypto holdings, with the broader market confidence persisting despite individual token swings and near-term uncertainty.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
