SHIB’s remarkable resilience during the recent trading session demonstrates growing investor confidence despite market turbulence.

The token’s ability to recover from a sudden drop to 0.0000143 with extraordinary volume support suggests institutional accumulation rather than retail panic.

With the psychological support at 0.000015 holding firm and multiple tests of upper resistance, SHIB appears poised for potential continuation of its upward trajectory if current accumulation patterns persist.

Technical Analysis Highlights

• SHIB demonstrated remarkable resilience over the 24-hour period, climbing from 0.0000146 to 0.0000150, representing a 2.85% gain with a range of 0.00000081 (5.64%).
• The token experienced significant volatility at 17:00 when price plummeted to 0.0000143 before finding strong volume support.
• A massive 2.83 trillion volume spike—nearly 4x the average—provided crucial support during the recovery phase.
• Key resistance at 0.0000151 was tested twice during the period, with accumulation patterns forming in the final hours.
• Three consecutive high-volume candles (23:00-01:00) established a solid foundation above the 0.000015 psychological level.
• In the last hour, SHIB exhibited notable volatility with a significant price surge at 01:22 when it broke above the 0.0000151 resistance level, reaching 0.00001514 by 01:31.
• Elevated trading volumes supported the bullish momentum, particularly during the 01:36 candle which recorded nearly 80 billion in volume.
• A sharp correction at 01:37-01:38 dropped the price 5% to 0.00001505, before establishing a consolidation pattern.

External References

• «Analyst Says When This Shiba Inu Breakout Happens, You’ll Want a Piece of SHIB«, The Crypto Basic, published May 21, 2025.
• «Shiba Inu (SHIB) Primed for Breakout as Accumulation and Burn Rate Surge«, Coin Edition, published May 21, 2025.

Bitcoin (BTC) broke through $111,000 for the first time early Thursday, setting a fresh all-time high as capital continues to pour into the asset from an increasingly institutional class of buyers.

BTC rose nearly 3.5% to touch $111,878 during Asian morning hours, CoinGecko data shows, lifting overall market capitalization 1.7%. Major tokens from xrp to dogecoin (DOGE) showed little movement

The demand isn’t just coming from crypto-native funds or retail traders. Publicly listed companies increasingly treat BTC as a treasury asset, using capital markets to raise cash and buy more of the token.

“We think that large institutions are driving Bitcoin’s rally,” said Jeff Mei, COO at BTSE, said in a Telegram message. “This trend will likely continue, especially as more companies tap public markets and ETF inflows remain strong. May alone saw $3.6 billion in net ETF demand.

”Options traders have taken note. Contracts for $110,000, $120,000 — and even $300,000 — expiring in late June currently hold the most open interest on Deribit, suggesting traders are positioning for more upside before summer ends.»

After years of public skepticism, JPMorgan Chase reportedly offers clients access to bitcoin, signaling a deeper shift in how traditional finance views crypto exposure.

“As the largest bank in the U.S., its decision adds a new layer of legitimacy to Bitcoin, potentially nudging other traditional financial institutions toward similar offerings to avoid falling behind,” said Ryan Lee, chief analyst at Bitget Research, in a message to CoinDesk.

Despite macroeconomic headwinds, including rising bond yields, geopolitical noise, and a downgraded U.S. credit rating, bitcoin has shown “remarkable resilience,” said QCP Capital in a Thursday note.

“A breakout to new highs could ignite a fresh wave of FOMO,” they added, “dragging in sidelined retail capital and pushing prices even higher.”

Prosecutors have charged Jeremy Jordan-Jones, the self-styled founder of a now-defunct crypto startup called Amalgam, with fraud, alleging that he swindled investors in his “sham blockchain” of more than $1 million, using the money to fund a lavish lifestyle.

According to prosecutors, Jordan-Jones painted Amalgam as a tech company that created blockchain-based point-of-sale payment systems, which he claimed had multi-million-dollar partnerships with sports teams including the Golden State Warriors and a professional soccer team in England’s Premier League, as well as a big restaurant conglomerate with more than 500 restaurants. None of these partnerships existed, prosecutors said. Jordan-Jones also allegedly solicited investments from would-be investors by telling them the money would be used to facilitate the listing of Amalgam’s non-existent crypto token on a crypto exchange.

While allegedly spinning stories for investors — including a venture capital firm, identified in a 2022 Forbes article as Brown Venture Group — prosecutors say Jordan-Jones was blowing their money on a luxurious lifestyle for himself, including “hotels and restaurants in Miami,” car payments, and designer clothing.

“Jordan-Jones, capitalizing on the publicity around blockchain technology, perpetrated a brazen scheme to defraud investors,” said U.S. Attorney Jay Clayton in a Tuesday press announcement. “He touted his company as a groundbreaking blockchain startup, backed by high-profile partnerships. In reality, Jordan-Jones’s company was a sham, and investors’ funds were siphoned off to bankroll his lavish lifestyle. This should be an example to would-be financial fraudsters that the women and men of the Southern District and the FBI are watching and to the investing public that fraudsters often use the promise of new technology to cloak their schemes.”

Additionally, prosecutors have accused Jordan-Jones of providing falsified documents to a financial institution, which he used to fraudulently obtain a corporate credit card, running up a $350,000 balance before the bank closed his account.

Jordan-Jones has been charged with one count each of wire fraud, securities fraud, making false statements to a financial institution and aggravated identity theft — charges which carry a combined maximum sentence of 82 years in prison. The aggravated identity theft charge carries a mandatory minimum sentence of two years.