Ethereum Recovers Above $2,600 After Sharp Drop Triggers Heavy Trading
SHIB Surges on Massive Volume After Mid-Day Plunge
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By AI Boost|Edited by Aoyon Ashraf
Updated May 29, 2025, 4:25 p.m. Published May 29, 2025, 4:14 p.m.
- Rising geopolitical tensions between major economies are creating market volatility, with SHIB experiencing a 3.99% price range over 24 hours.
- Trade policy disputes between global powers are affecting cryptocurrency markets, with SHIB demonstrating remarkable recovery from its mid-day low of 0.00001405, according to CoinDesk Research’s AI-assisted technical analysis data model.
- Inflation concerns and potential monetary policy shifts are influencing investor sentiment, though SHIB showed strength with a 1.44% surge during the 23:00-00:00 period on exceptionally high volume.
Shiba Inu (SHIB) has demonstrated impressive resilience amid global economic uncertainties, recovering strongly after bottoming at 0.00001405 during mid-day trading.
The token’s price action shows a clear structure forming with a short-term support zone around 0.00001447 and immediate resistance at 0.00001452 that could determine its near-term direction.
STORY CONTINUES BELOW
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Technical Analysis Highlights
- SHIB experienced significant volatility over 24 hours, with prices ranging from 0.00001402 to 0.00001458, representing a 4% overall range.
- The token bottomed at 0.00001405 during the 15:00 hour before staging a powerful rally on above-average volume.
- Most notable price action occurred during 23:00-00:00 period, where SHIB surged 1.44% on exceptionally high volume (756.55B).
- A high-volume resistance breakthrough at the 0.00001456 level could serve as strong support in future sessions.
- In the past hour, SHIB reached a local peak of 0.00001456 at 01:13 before declining to 0.00001446 around 01:32.
- SHIB surged 0.88% on elevated volume (15.91B) during the 01:51 period, breaking through the 0.00001450 resistance level.
- A short-term support zone appears to be forming around 0.00001447, with immediate resistance at 0.00001452.
External References
- “Shiba Inu (SHIB) and Dogecoin (DOGE) Holders Enter Viral Altcoin at $0.03 as Utility Season Nears“, Cryptopolitan, May 28, 2025.
- “Missed Out on Shiba Inu (SHIB)? Don’t Miss Out on This New Crypto for 5000% ROI“, Cryptopolitan, May 28, 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.
