The Shiba Inu price pumped sharply on Thursday, with SHIB recording a strong double-digit move as renewed buying interest returned to meme coins.
The sudden rally comes amid broader market stabilization, rising trading volumes, and renewed speculative interest in high-beta altcoins.
What Happened
SHIB climbed roughly 13% over the past 24 hours, pushing its price to around ₹0.000732 at the time of writing. The move followed a steady uptick in volume, suggesting active participation rather than thin-liquidity spikes.
Short-term price data shows SHIB also gained nearly 8% on a day-over-day basis, signaling momentum building into the session rather than a single impulsive candle.
Despite the rally, SHIB remains well below its September 2021 all-time high, keeping the move firmly in rebound territory rather than a trend reversal.
Why It Matters
Speculation Returns to Meme Coins
Meme coins often act as sentiment indicators during early risk-on phases. SHIB’s price pump suggests traders are again willing to rotate into higher-volatility assets after weeks of cautious positioning.
This does not confirm a sustained uptrend, but it does reflect improving short-term confidence.
Volume Confirms Participation
The rally coincided with increased trading activity, a key distinction between organic momentum and short-lived spikes. Rising volume during price advances often signals positioning rather than forced liquidations.
Market Context
While SHIB posted one of the stronger percentage gains of the day, the broader crypto market remained mixed. Bitcoin and Ethereum traded within narrow ranges, leaving room for speculative capital to flow into altcoins.
Historically, SHIB rallies tend to accelerate quickly but also fade fast if follow-through buying fails to appear.
Technical Snapshot
- Immediate resistance: Near recent intraday highs
- Short-term support: Prior consolidation zone below current price
- Trend bias: Short-term bullish, medium-term neutral
Traders are now watching whether SHIB can hold gains above its breakout level or retrace once momentum cools.
Conclusion
The Shiba Inu price pump reflects renewed speculative interest rather than a confirmed trend shift. While momentum and volume support the move, SHIB remains far from reclaiming longer-term resistance zones.
