Shiba Inu Rises 2.16% but Stays Below $0.00000530 Recovery Level

Shiba Inu (SHIB) rose 2.16% over 24 hours to $0.00000520 on Wednesday, trading above an initial recovery threshold while its 24-hour high remained below a higher level used to assess the move.

At 3:21 p.m. ET (19:21 UTC) on Oct. 21, SHIB was above $0.00000511. Its 24-hour high was $0.00000527, short of $0.00000530.

SHIB had already closed the Oct. 20 UTC session at $0.00000513, above the first threshold. That followed an Oct. 18 low of $0.00000480 and an Oct. 19 reading below $0.00000511.

One recovery setup calls for SHIB to remain above $0.00000511 with stronger trading volume before testing $0.00000524, $0.00000537 and $0.00000554. The token’s 24-hour high exceeded the first of those price markers. A separate assessment uses a daily close above $0.00000530, preferably $0.00000542, as a sign of a stronger recovery.

The Oct. 21 UTC session was still underway at the time of the snapshot, leaving that daily-close test pending.