Shiba Inu Price Surges 5%, Showing Resilience in Volatile Market

Shiba Inu (SHIB) experienced a notable intraday recovery on Monday, surging over 5% from a dip to its intraday low of $0.0000139. This rebound comes amidst heightened market uncertainty and geopolitical tensions. The cryptocurrency’s resilience demonstrates its ability to withstand volatility, according to CoinDesk Research. 900 billion tokens were traded during the night hours, with peaks reaching 30.15 billion during the rebound, fueling the price increase. Key metrics include a new resistance level of $0.0000147 and a surge in trading volume exceeding 3% in just one hour.