- SHIB surged 12% after a 4.8 trillion volume spike broke key resistance.
- Price climbed above the 200-day SMA, confirming strong bullish momentum.
- Whale accumulation and low exchange reserves suggest reduced selling pressure.
Shiba Inu has erupted once again. Backed by a colossal 4.8 trillion SHIB trade, the meme coin soared above its 200-day simple moving average for the first time since January. This wasn’t a fluke or a whisper. It was loud, forceful, and backed by real money. Traders and whales flooded the market, pushing SHIB through resistance with a burst of confidence. The momentum isn’t slowing—it’s building into something powerful.
SHIB Shatters Resistance With Explosive Volume
Between 01:00 and 05:00 UTC on July 18, SHIB’s price rocketed from $0.00001459 to $0.00001560, registering a 12% spike within hours. But the highlight wasn’t the price alone. It was the volume. A jaw-dropping 4.88 trillion SHIB traded during the 01:00 hour—more than triple the 24-hour average of 1.46 trillion. That kind of trading activity doesn’t happen by chance. It signals confidence, strategy, and serious capital moving in.
The coin cleared the $0.00001500 psychological level with ease, then held steady above $0.00001480. This created a strong support base, hinting at further upside. While other coins danced in place, SHIB roared ahead. Exchange reserves plummeted to their lowest since 2023, a sign that whales are accumulating. When large wallets stack up and reserves fall, it means fewer tokens are available to sell—shrinking supply and lifting prices.
What’s Next for Shiba Inu?
The daily chart is also painting a promising picture. A double-bottom pattern is forming, a classic bullish reversal signal. It doesn’t whisper change—it signals a storm. And traders are listening. SHIB now hovers near the $0.00001520 to $0.00001540 resistance zone. If bulls maintain pressure, the next potential target could stretch to $0.00001600. This move was backed by volume, structure, and psychology.
Traders are no longer treating SHIB as a joke. It’s showing structure, resilience, and a crowd that refuses to back down. The breakout above the 200-day SMA has turned heads among both retail and institutional watchers. When key moving averages are crossed with force, it often marks the beginning of something much bigger.
This isn’t a meme rally—it’s a coordinated push backed by real metrics. Shiba Inu has flipped sentiment, broken resistance, and reminded everyone that it’s still in the game. With strong support levels, growing accumulation, and bullish technicals, SHIB’s story might just be getting started.
