Shiba Inu Bulls Defend Dual Support with 1T Volume – What’s Next for SHIB?
Shiba Inu's massive 1 trillion volume defense holds strong—bulls aren't backing down.
Technical Standoff at Key Levels
Traders watched as SHIB bounced hard off dual support zones, backed by staggering volume that screams institutional interest—or sheer memecoin madness. The 1 trillion volume mark isn't just a number; it's a statement.
Where Does SHIB Go From Here?
Next resistance waits like a gatekeeper. Break through, and we're talking momentum. Fail, and it's back to consolidation—classic crypto volatility doing what it does best: keeping everyone guessing.
Sure, it’s another day in crypto—where 'fundamentals' sometimes mean a dog meme and a dream. But with volume like this, even skeptics are glancing at the charts.
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 index holds steady amid token volatility
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.
