Open interest in Shiba Inu (SHIB) futures has declined on eight out of ten major exchanges, indicating traders are closing positions faster than opening new ones. This reduction in leverage can reduce the risk of liquidation cascades that often cause sharp price drops, potentially stabilizing SHIB's price despite its current downtrend. While falling open interest is not inherently bullish and may reflect waning trader interest, it lowers systemic risk and could prepare the market for a more stable recovery if spot demand improves. The current price remains below key moving averages, so real buying interest is still needed to reverse SHIB's broader decline.
Shiba Inu (SHIB) price rose over 10% to above $0.0000057, following a broader crypto market rally led by Bitcoin surpassing $85,000. However, token burn activity, a key supply reduction mechanism for SHIB, dropped by about 90% in the past day, signal...
Finbold's AI Agent forecasts a 13% increase in Shiba Inu's price to $0.000006525 by October 1, based on technical indicators and AI models. The prediction uses MACD and RSI signals showing bullish momentum, with two AI models suggesting price targets...
Shiba Inu (SHIB) has surpassed a critical long-term resistance level that had capped its price recovery for two months, currently trading around $0.00000571. This breakout above the declining moving average suggests a potential trend change, with the...
Shiba Inu's price surged over 5% in 24 hours, reclaiming levels above $0.0000055 amid a broader crypto market upswing. However, on-chain data reveals a large net inflow of 144 billion SHIB tokens to exchanges, indicating sellers dominate and may trig...
The Shiba Inu development team announced that the Shibarium Layer-2 blockchain reorganization issue has been resolved, marking a significant step in infrastructure upgrades. The remaining task involves completing the DRPC transition to the new enviro...
