
Shiba Inu (SHIB) faces selling pressure as traders close positions, with price hovering just above $0.0000062. The broader crypto market is mixed, influenced by the Federal Reserve's decision to hold interest rates steady. Liquidations in Shiba Inu are minimal, but open interest and trading volume in derivatives have dropped significantly, signaling risk aversion. Despite a recent four-day price rise, bearish sentiment persists, limiting SHIB's potential gains near key resistance levels.