Shiba Inu has experienced a V-shaped recovery from 16-month lows. Jun 23, 2025, 11:58 a.m. Shiba Inu's v-shaped price recovery from 16-month lows is characterized by a surge in trading volumes, according to CoinDesk's AI research.The meme cryptocurrency has bounced to $0.0000$1080, having hit a low of $0.
00001025 late Sunday. That was the lowest level since February 2024, according to data source TradingView.The bounce comes as bitcoin, the leading cryptocurrency by market value retook the $100,000 handle after oil's largely muted response to the U.S. airstrikes on Iran.SHIB's recovery appears sustainable, driven by a surge in trading volumes.
According to CoinDesk's AI insights, buying pressure emerged late Sunday, with volume exceeding 2 trillion SHIB, more than double the 24-hour average.The subsequent bounce, represented by a series of higher lows and higher highs, ran into resistance near $0.00001088 during Monday's Asian trading hours.
Key AI insightsSHIB 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 chartSHIB'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. CD AnalyticsCoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in our AI policy.Omkar GodboleOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member.
Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
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Shiba Inu has experienced a V-shaped recovery from 16-month lows. Jun 23, 2025, 11:58 a.m. Shiba Inu's v-shaped price recovery from 16-month lows is characterized by a surge in trading volumes, according to CoinDesk's AI research.The meme cryptocurrency has bounced to $0.0000$1080, having hit a low of $0.00001025...
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Full source content
Shiba Inu has experienced a V-shaped recovery from 16-month lows. Jun 23, 2025, 11:58 a.m. Shiba Inu's v-shaped price recovery from 16-month lows is characterized by a surge in trading volumes, according to CoinDesk's AI research.The meme cryptocurrency has bounced to $0.0000$1080, having hit a low of $0.
00001025 late Sunday. That was the lowest level since February 2024, according to data source TradingView.The bounce comes as bitcoin, the leading cryptocurrency by market value retook the $100,000 handle after oil's largely muted response to the U.S. airstrikes on Iran.SHIB's recovery appears sustainable, driven by a surge in trading volumes.
According to CoinDesk's AI insights, buying pressure emerged late Sunday, with volume exceeding 2 trillion SHIB, more than double the 24-hour average.The subsequent bounce, represented by a series of higher lows and higher highs, ran into resistance near $0.00001088 during Monday's Asian trading hours.
Key AI insightsSHIB 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 chartSHIB'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. CD AnalyticsCoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in our AI policy.Omkar GodboleOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member.
Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
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