Shiba Inu’s short-term activity indicator surged 351% in eight hours, amplifying short-term volatility.

On the 26th (local time), blockchain outlet U.Today reported that the move came right after Shiba Inu was pushed down sharply from above the $0.00000620 level.

Markets see the move as a signal that volatility is rising again rather than a simple increase in trading. Shiba Inu recently fell to as low as $0.00000555 and is currently trading around $0.00000589. On the 23rd, it hit $0.00000624 and then fell 7.69 percent, before rebounding 2.3 percent the next day.

Trading activity remains higher than the pre-September trend. The key level is the 200-day moving average. Shiba Inu stayed for months below the long-term indicator around $0.0000056 but has recently moved above it. It later retested the same price area during a recent pullback, but it did not lead to a break in trend. That raises the likelihood that the $0.0000056 to $0.0000057 zone shifts from resistance to support.

Momentum is still not stable. The relative strength index (RSI) remains in a neutral range rather than overheating, while volatility stays high in technical terms.

Short-term resistance is $0.0000060. If it clears that level in a stable way, the $0.0000062 to $0.0000063 range comes back into play. If it breaks above the recent peak, a higher high above the August surge zone also becomes possible. If it fails to hold the 200-day moving average, sentiment could shift quickly. In that case, the next support level is $0.0000054.

A surge in activity alone makes it hard to conclude that buyers have gained the upper hand. Heightened trading can also occur when rebound-buying meets selling driven by fears of further declines. That makes it necessary to distinguish whether the activity increase leads to a breakout above resistance or only amplifies price swings.

The key is whether support holds and resistance breaks out at the same time. If it defends the $0.0000056 to $0.0000057 zone and settles above $0.0000060, expectations of a sustained rebound could grow. If a resistance breakout is delayed, price action could continue searching for direction between the two levels.

The latest action shows that whether the 200-day moving average can be turned into an actual support level matters more than a short-term activity spike. With an improved price structure and high volatility appearing at the same time, the market is being tested on both the durability of a rebound and confirmation of direction.