Monster Volume of 4.8T SHIB Sparks Bullish Move in Shiba Inu Above 200-day Average
2Trading volume reached 4.88 trillion during early morning hours on July 18, significantly exceeding the 24-hour average.
Shiba inu SHIB$0.0₄1543 bullish momentum has gathered pace, with prices topping key level on the back of unprecedented trading volumes.
The joke cryptocurrency has surged over 5% in 24 hours, topping the 200-day simple moving average (SMA) for the first time since January. The average is widely-tracked by both retail and institutions to gauge long-term trends, with crossovers above the same suggesting bull runs.
Most appreciation in prices occurred during the early morning hours of 18 July, most notably between 01:00-05:00, wherein price action advanced from $0.00001459 to $0.00001560, accompanied by extraordinarily elevated volume activity culminating at 4.88 trillion during the 01:00 hour—substantially exceeding the 24-hour average of 1.46 trillion.
The high-volume indicates growing investor participation in the price rise and validates the breakout above the 200-day SMA. The cryptocurrency's daily chart shows an evolving double bottom bullish reversal pattern.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Omkar 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.
CoinDesk 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.
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https://www.coindesk.com/markets/2025/07/18/monster-volume-of-4-8t-shib-sparks-bullish-move-in-shiba-inu-above-200-day-average
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