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Shiba Inu Roars Back: 2T+ SHIB Volume Fuels V-Shaped Rebound

Shiba Inu Roars Back: 2T+ SHIB Volume Fuels V-Shaped Rebound

Coindesk
Author:
Coindesk
Release Time:
2025-06-23 11:58:33
0

Shiba Inu defies the doubters with a jaw-dropping recovery—powered by a tsunami of 2 trillion SHIB changing hands. Meme coin or not, that’s institutional-grade volume.

The Dogecoin Killer’s Lazarus Act

After weeks of bleeding out, SHIB’s chart just pulled off the crypto equivalent of a backflip. Traders piled in as the token found its footing, triggering a classic V-shaped reversal that’s got even Bitcoin maximalists side-eyeing the charts.

Liquidity Tsunami

That 2 trillion SHIB volume wasn’t retail FOMO alone. On-chain sleuths spot whale-sized moves—someone’s either accumulating or preparing an exit worthy of a Wall Street bonus season cash-out.

Whether this is the start of a new meme season or just another dead cat bounce, one thing’s clear: in crypto, even the ‘joke’ assets move faster than your traditional portfolio manager’s morning coffee order.

Key AI insights

  • SHIB has recovered from a significant dip to $0.00001008, stabilizing around $0.00001081 with strong volume support during the recovery phase.
  • Geopolitical tensions and trade disputes continue to influence cryptocurrency markets, with SHIB's price action forming a clear V-shaped recovery pattern.
  • Volume spiked to nearly 8 trillion units during the 11:05 candle, indicating strong market participation.
  • A double-top pattern formed at around $0.00001083, with significant selling pressure at this resistance level.

Hourly chart

SHIB's hourly price chart. (TradingView/CoinDesk)

  • SHIB's price has taken out the descending trendline, characterizing the sell-off from Friday.
  • Prices, however, are yet to cross above the Ichimoku cloud, a momentum indicator. That would confirm a bullish trend reversal.
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