Shiba Inu Bulls Defend 1T Volume Support: Token Breaks Resistance and Aims Higher

Shiba Inu (SHIB) has gained more than 2% in the past 24 hours as bulls defended key support levels backed by over 1 trillion tokens in trading volume. The meme cryptocurrency leveraged strong community momentum and liquidity, bouncing off a crucial zone and strengthening its technical outlook. The early morning dip, triggered by broader market risk-off sentiment ahead of Fed Chair Jerome Powell’s speech, pushed SHIB down to $0.00001200. Buyers, however, stepped in swiftly to secure this psychological support, driving the price back above the rising trendline and the critical $0.00001231 level, representing the 61.8% Fibonacci retracement of the June–July rally.

Bulls Stage a Strong Comeback Bulls took control, pushing SHIB from $0.000012295 to $0.000012574. The token shook off volatility, broke through resistance barriers, and now eyes the psychological $0.000012700 level as the next upside target. 🔹 Key Market Data: SHIB traded within a range of $0.000012089 – $0.000012705, a 5% spread during the session.Institutional activity peaked between 1 PM and 2 PM, with volume surpassing 1 trillion tokens.Support at $0.000012250 held firm as selling pressure failed to break through.Breaking resistance at $0.000012600 triggered a surge in volume, reaching 12.8 billion tokens. Indexes Show Stability Despite Volatility While SHIB’s volatility spiked sharply, the CD20 index maintained stable levels. This highlights that institutional confidence in the broader crypto market remains intact despite short-term fluctuations. 👉 If bulls can maintain control above support and break through $0.000012700, Shiba Inu could continue its upward momentum and unlock higher psychological targets.

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