Shiba Inu’s V-Shaped Recovery Driven By Over 2T SHIB in Volume

Shiba Inu (SHIB) has staged a remarkable V-shaped price recovery from 16-month lows, fueled by a significant surge in trading volume. After reaching a low of $0.00001025 late Sunday—its lowest point since February 2024 according to TradingView—SHIB rebounded to $0.00001080. This recovery coincides with Bitcoin reclaiming the $100,000 mark following a muted market reaction to recent U.S. airstrikes on Iran.

CoinDesk’s AI research indicates the SHIB recovery is underpinned by robust buying pressure. Trading volume exceeded 2 trillion SHIB late Sunday, more than double the 24-hour average, signifying strong market participation. This surge in volume, coupled with a series of higher lows and higher highs, suggests a sustainable upward trend. However, the rally encountered resistance near $0.00001088 during Monday’s Asian trading hours.

Analysis of CoinDesk’s AI insights reveals key details about SHIB’s price action. The cryptocurrency recovered from a significant dip to $0.00001008, stabilizing around $0.00001081 with substantial volume support throughout the recovery phase. This V-shaped pattern reflects the cryptocurrency market’s sensitivity to geopolitical events and trade disputes. The volume spike reached approximately 8 trillion units during a specific 11:05 candle, further emphasizing the intensity of market activity. A double-top pattern emerged at around $0.00001083, indicating significant selling pressure at this resistance level.

Technical analysis of the hourly chart shows SHIB’s price breaking through the descending trendline that marked the sell-off from Friday. Despite this positive development, confirmation of a bullish trend reversal hinges on the price surpassing the Ichimoku cloud, a widely used momentum indicator. Until this condition is met, the upward trend remains tentative, though the substantial volume increase and V-shaped recovery suggest a potentially strong underlying market force.