SHIB Climbs 5% Following Mid-Day Pullback Despite Economic Headwinds

Shiba Inu’s SHIB token continues to defy macroeconomic pressures, staging a robust recovery after a sharp intraday decline. As broader markets react to geopolitical uncertainty and shifting global trade dynamics, SHIB has emerged as a standout performer, regaining lost ground and holding firm at new resistance levels.

Following a steep drop during the mid-afternoon session, SHIB saw renewed buying interest that propelled it higher during the 22:00 hour. The token surged 3.0% on heavy volume, approaching 900 billion, and established a new resistance zone at $0.0000147.

Technical Breakdown:

SHIB traded within a 24-hour spread of $0.0000139 to $0.0000147 — a 5.24% range — as volatility gripped the market.
The sharpest downside move came at 15:00, when price hit its intraday low before buyers stepped in aggressively.
A strong reversal took place at 22:00, where price action was supported by elevated volume, confirming bullish intent.
Resistance was tested and formed at $0.0000147, suggesting a potential breakout level if momentum continues.
In the final hour, price action tightened but remained volatile, with a 4.5% swing between $0.00001453 and $0.00001463.
A micro-rally occurred between 01:26 and 01:46, as SHIB rose from $0.00001455 to $0.00001463, backed by peak volume of 30.15 billion.
However, short-term sellers reappeared late, forming a descending channel that brought the token back to $0.00001457.

SHIB’s intraday price structure reflects underlying strength, particularly in its ability to recover swiftly from sell-offs. While short-term volatility remains elevated, the resilience shown could attract momentum traders watching for a confirmed breakout above $0.0000147.