Shiba Inu (SHIB), the second-largest meme coin, has captured attention with a notable price surge and a staggering trading volume on Binance, the world’s largest cryptocurrency exchange. The recent activity signals optimism among investors as SHIB defies bearish trends to inch closer to key resistance levels.

Binance Facilitates Massive SHIB Liquidity

In the last 24 hours, Binance recorded a jaw-dropping 379.27 billion SHIB in trading volume. This heightened activity coincides with a 5.13% increase in SHIB’s price, now trading at $0.0000244. The cumulative trading volume surged by 58.06% to $761.8 million, underscoring the growing investor interest.

Despite trading below its previous high of $0.00003215 from a month ago, SHIB has demonstrated resilience. Analysts attribute this rebound to increased market confidence and heightened trading activity on Binance, which could propel SHIB toward sustained bullish momentum.

Key Resistance Levels in Sight

SHIB’s recent price range of $0.00002319 to $0.00002486 highlights its struggle to breach the critical $0.000025 mark, considered a pivotal resistance level. Analysts believe surpassing this threshold could pave the way for further gains.

The ongoing rally defies the ominous death cross pattern, which typically indicates bearish momentum. Instead, SHIB appears poised for recovery, with experts predicting continued upward movement if trading volume remains robust.

Psychological Price Floors and Investor Sentiment

The $0.00002 price point has emerged as a psychological floor for SHIB, fostering confidence among long-term investors. If the token sustains its growth trajectory, this level could serve as a stable foundation for future price movements.

Market watchers emphasise the importance of consistent daily burn mechanisms to stabilise SHIB’s price. The anticipated developments from Shiba Inu’s lead, Shytoshi Kusama, could further boost investor sentiment and maintain the ecosystem’s positive outlook.

Outlook for SHIB in 2025

As SHIB approaches $0.000025, analysts speculate that its current performance could set the stage for a more substantial rally in 2025. Sustained trading activity, alongside active burn mechanisms and ecosystem developments, will be crucial in maintaining this momentum.

While challenges remain, the latest developments highlight SHIB’s potential to emerge as a strong contender in the crypto market, further reinforcing its position as a key player in the meme coin category.