SHIB Price Shatters Resistance, Surges 21.8% in Single Day

The SHIB price has broken through the $0.000005 resistance level after a massive short squeeze, pushing the token up 21.8% in a single day.

The trigger for this breakout was the U.S. Treasury's decision to double its long-dated bond buyback operations, which weakened the dollar and pushed speculative capital back into hard assets like Bitcoin.

SHIB has been trading near $0.0000060 since the breakout, with some analysts targeting prices as high as $0.00000710 if the breakout structure holds.