Shiba Inu Stages V-Shaped Rebound From 16-Month Lows as Trading Volume Soars

Shiba Inu (SHIB) has bounced back impressively from 16-month lows, driven by a surge in trading activity, according to analysis from CoinDesk’s AI research unit.

The popular meme coin climbed to $0.00001080 after briefly dipping to $0.00001025 late Sunday—the lowest price since February 2024, based on TradingView data.

SHIB’s rebound comes as Bitcoin reclaimed the $100,000 level, buoyed by oil markets showing limited reaction to recent U.S. airstrikes on Iran.

CoinDesk’s AI insights indicate that SHIB’s recovery appears sustainable, fueled by significant buying pressure that emerged late Sunday. Trading volumes surged past 2 trillion SHIB, more than twice the 24-hour average, signaling strong investor interest.

Technically, the price has carved out a series of higher lows and higher highs, forming a classic V-shaped recovery. However, the advance met resistance near $0.00001088 during Monday’s Asian trading session.

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Key AI Insights

• SHIB rebounded from a deep dip to $0.00001008, stabilizing near $0.00001081, supported by robust trading volumes during the bounce.
• Ongoing geopolitical tensions and trade uncertainties remain significant drivers for crypto markets, with SHIB tracing a clear V-shaped recovery pattern.
• Trading volume spiked to nearly 8 trillion SHIB during the 11:05 hour, underscoring strong market participation.
• A double-top formation appeared around $0.00001083, hinting at notable selling pressure at that resistance level.

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Hourly Chart Highlights

• SHIB has broken above a descending trendline that marked the recent sell-off since Friday.
• Despite the rebound, prices have yet to pierce through the Ichimoku cloud—a key momentum indicator—which would confirm a more decisive bullish reversal.