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Shiba Inu jumps 10% amid renewed interest but cautious derivatives traders.

Market News
20 Aug 2026
Dailycoin
View Source
Neutral
pluang ai news

Shiba Inu (SHIB) surged 10% as it gains renewed attention in spot markets and social media. However, derivatives traders remain cautious, with declining open interest in SHIB futures indicating limited leveraged bets. A new U.S. exchange listing and significant token withdrawals from exchanges suggest reduced near-term selling pressure. Despite these positive signs, the token's recovery depends on sustained buying demand and stronger market momentum to confirm a lasting rally.

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Shiba Inu rises 7% amid broad crypto rally but lags behind major coins like Ethereum and Bitcoin

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