What to Know:
- SHIB faced notable market fluctuations, recording a price range of 5.24% between $0.0000139 and $0.0000147, demonstrating a remarkable rebound after a mid-day sell-off, as per CoinDesk Research’s technical analytics.
- Robust trading volume contributed to SHIB’s establishment of new resistance at $0.0000147, with bullish sentiment persisting despite short-term market consolidation.
- Long-term holders of SHIB remain committed amid price swings, with blockchain analytics indicating around 1.13 million addresses retaining their tokens for over a year.
Geopolitical tensions and evolving trade frameworks continue to impact the cryptocurrency sector, yet Shiba Inu’s SHIB token has shown significant durability during periods of economic uncertainty. After a drastic drop around mid-day, SHIB made an impressive comeback in the late hour, rising 3.0% with nearly $900 billion in trading volume before solidifying resistance at $0.0000147.
Technical Analysis Highlights:
- SHIB maintained a trading band of 5.24% from its low of $0.0000139 to a peak of $0.0000147 within 24 hours.
- The token saw significant sell-offs, bottoming out at 15:00, before rebounding with robust trading volumes.
- A powerful resurgence occurred around 22:00, with a price hike of 3.0% on a notable trading volume.
- Continued bullish trend into the final trading hours, underpinning the new resistance at $0.0000147.
- Volatility spiked with a 4.5% price fluctuation between $0.00001453 and $0.00001463 in the closing hour.
External References:
- Shiba Inu (SHIB) Defies Market Trends with Unexpected Price Strength, Coin Edition, May 23, 2025.
- Shiba Inu Price Suggests $0.000020 Next as New Cryptocurrency Goes Viral, Cryptopolitan, May 26, 2025.
