SHIB Stays Resilient Above Major Support with Trading Volume Jumping Almost 4x

SHIB Holds Ground Above $0.000015 as Trading Volume Surges Nearly Fourfold

On May 22, SHIB showed impressive recovery after a steep drop, bolstered by a dramatic surge in trading volume nearly four times the average. The token managed to maintain its critical support level at $0.000015, signaling strong buyer interest amid ongoing market volatility.

The rapid rebound from a low of 0.0000143, backed by heavy volume, suggests that institutional investors are stepping in to accumulate rather than panic selling by retail traders.

SHIB’s price action reveals persistent strength, as it repeatedly tested resistance near $0.0000151, setting the stage for a potential bullish continuation if the current buying pressure holds.

Technical Snapshot:

SHIB gained 2.85% over the past 24 hours, fluctuating within a 5.64% range between 0.0000146 and 0.0000150.
At 17:00, the price briefly dropped to 0.0000143 before volume surged and supported a swift recovery.
Trading volume exploded to 2.83 trillion, almost 4x the average, during the bounce back.
Resistance at 0.0000151 was tested twice, while accumulation became more evident towards the session’s end.
Three back-to-back high-volume candles between 23:00 and 01:00 helped secure a strong base above the key $0.000015 level.
A sharp upward move at 01:22 pushed SHIB past resistance to 0.00001514 by 01:31, supported by a near 80 billion volume candle at 01:36.
A minor pullback of about 5% occurred shortly after, bringing the price down to 0.00001505 before consolidating.

The combination of heavy volume and steady price action suggests SHIB is building momentum, positioning itself for further upside in the near term.