Shiba Inu (SHIB) has clawed its way back, gaining over 2% in the past 24 hours as bulls fiercely defend critical support levels. The meme cryptocurrency, often seen as the underdog in the digital asset realm, found its footing near the $0.00001200 mark after an early slip on Wednesday. This tumble coincided with broader market jitters ahead of Federal Reserve Chair Jerome Powell’s anticipated speech. Yet, the buyers pounced, reviving SHIB’s trajectory and, intriguingly, pushing it past the ascending trendline and key Fibonacci retracement levels.
Bulls Fuel SHIB’s Comeback
The recent price action has been nothing short of a spectacle. SHIB managed to rally from $0.000012295 to close at $0.000012574, powered by a heavy bullish flow that defied earlier volatility. The token broke through resistance barriers, positioning itself to target the psychological level of $0.000012700. “The resilience of SHIB amid market uncertainty is impressive,” noted crypto analyst Jake Linwood. “The ability to hold and even surpass critical levels suggests robust underlying demand.” This mirrors the recent activity seen in Dogecoin (DOGE) Whales Go Crazy: Further Price Rally Incoming?, where similar bullish trends have been observed.
CoinDesk’s AI technical insights model has identified $0.000012700 as the next hurdle for SHIB bulls. The model’s prediction aligns with the observed market dynamics, where technical indicators signal a bullish breakout. SHIB’s trading range of $0.000012089 to $0.000012705—a spread encompassing a 5% fluctuation—underscores the volatile yet intriguing nature of this meme coin.
Technical Data Points to a Bullish Breakout
It’s not just about the numbers; it’s about the narrative they tell. Between 13:00 and 14:00, institutional interest spiked, with volume soaring past 1 trillion tokens. Despite a brief mid-session selling pressure, SHIB’s price clung to the $0.000012250 mark, reinforcing a formidable demand floor. The resistance at $0.000012600 succumbed to the bulls, triggering a remarkable surge in volume to 12.8 billion tokens.
“The market’s reaction to institutional moves is telling,” stated Sarah Kim, a digital assets strategist. “The continued interest in SHIB, even as some investors de-risk, points to a broader confidence in the token’s potential.” This sentiment is echoed in the recent analysis of BONK Holds Key Support After Heavy Selling Hits Solana Meme Token, highlighting the resilience of meme tokens in the face of market pressures.
While individual token swings have caused ripples, the CD20 Index—a barometer of institutional selectivity across major crypto holdings—remained steady. The index’s stability hints at an overarching market confidence, even as near-term uncertainties loom large.
Background Context and Implications
SHIB’s journey over the past few months has been a rollercoaster. Since its June 22 and August 2 lows, the token has been on a recuperative path, bolstered by both retail enthusiasm and institutional interest. Historically, Shiba Inu’s narrative has been one of community-driven momentum, yet its recent performance suggests a maturation in its market perception.
Looking forward, the crypto community is abuzz with speculation. Can SHIB maintain its upward trajectory? Does the current bullish sentiment reflect a sustainable shift, or is it merely a temporary rally in a notoriously capricious market? As we inch closer to the close of 2025, these questions linger, inviting both skepticism and excitement.
In the ever-evolving landscape of cryptocurrencies, one thing remains clear—Shiba Inu’s journey is far from over. Whether it’s a meme or a market mover, SHIB continues to defy expectations, reminding us that in the world of digital assets, anything is possible.
Source
This article is based on: Shiba Inu Bulls Defend Dual Support With 1T Volume. What Next?
Further Reading
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- Hot Inflation Clouds Fed Path, But Crypto Bulls Eye Q4 Liquidity Surge
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
