BNB Surges 5% on Binance Ecosystem Strength as Bitcoin Extends Gains
SHIB Holds Strong Above Key Support as Volume Spikes Nearly 4x
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+
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2.26%
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By AI Boost|Edited by Aoyon Ashraf
May 22, 2025, 5:30 a.m.
- HIB saw a massive 2.83 trillion volume spike, nearly 4x the average, helping it recover from a sharp drop, according to CoinDesk Research’s technical analysis data model.
- The token is consolidating above $0.000015, a key psychological level tested multiple times.
- High-volume candles and rapid rebounds suggest accumulation, possibly by whales or institutional buyers.
SHIB’s remarkable resilience during the recent trading session demonstrates growing investor confidence despite market turbulence.
The token’s ability to recover from a sudden drop to 0.0000143 with extraordinary volume support suggests institutional accumulation rather than retail panic.
STORY CONTINUES BELOW
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With the psychological support at 0.000015 holding firm and multiple tests of upper resistance, SHIB appears poised for potential continuation of its upward trajectory if current accumulation patterns persist.
Technical Analysis Highlights
- SHIB demonstrated remarkable resilience over the 24-hour period, climbing from 0.0000146 to 0.0000150, representing a 2.85% gain with a range of 0.00000081 (5.64%).
- The token experienced significant volatility at 17:00 when price plummeted to 0.0000143 before finding strong volume support.
- A massive 2.83 trillion volume spike—nearly 4x the average—provided crucial support during the recovery phase.
- Key resistance at 0.0000151 was tested twice during the period, with accumulation patterns forming in the final hours.
- Three consecutive high-volume candles (23:00-01:00) established a solid foundation above the 0.000015 psychological level.
- In the last hour, SHIB exhibited notable volatility with a significant price surge at 01:22 when it broke above the 0.0000151 resistance level, reaching 0.00001514 by 01:31.
- Elevated trading volumes supported the bullish momentum, particularly during the 01:36 candle which recorded nearly 80 billion in volume.
- A sharp correction at 01:37-01:38 dropped the price 5% to 0.00001505, before establishing a consolidation pattern.
External References
- “Analyst Says When This Shiba Inu Breakout Happens, You’ll Want a Piece of SHIB“, The Crypto Basic, published May 21, 2025.
- “Shiba Inu (SHIB) Primed for Breakout as Accumulation and Burn Rate Surge“, Coin Edition, published May 21, 2025.
Disclaimer: 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.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
