TL;DR
Shiba Inu revisits a support region that has played a significant role in past market swings, trading at $0.058573 after a 1.37% rise in the last 24 hours. The token draws attention due to its history of strong reversals from similar zones. Its market cap above $5.05 billion reflects steady liquidity as SHIB attempts to stabilize after recent volatility. Recent activity in derivatives and spot markets suggests traders are preparing for increased movement, as open interest rises while sell-side pressure eases across major exchanges.
Technical indicators show that Shiba Inu maintains an area close to previous support levels where major upward moves began. On-chain observers note increased activity in long-term wallets when SHIB approaches accumulation zones. This aligns with earlier phases in which the token regained traction despite broader market weakness.
Derivative platforms report steady volume following several corrective sessions. Funding rates have normalized, which often precedes renewed buying pressure. Market depth data points to balanced order flow, lowering the risk of abrupt moves and allowing room for a structured advance if demand persists. Additional liquidity returning to meme-token markets strengthens the view that SHIB may be preparing for a broader trend shift.
Momentum indicators such as the RSI and MACD remain neutral, allowing flexibility for a wider price move. Mid-timeframe charts show higher lows, supporting a constructive outlook among analysts tracking spot flows and retail positioning.
SHIB also records a rise in active addresses, a pattern observed in earlier periods that preceded extended rallies. The movement of tokens from exchanges to cold wallets signals accumulation, often interpreted as favorable by pro-crypto analysts. Some note that reduced selling from short-term holders strengthens SHIB’s base and contributes to a more stable setup.
If the current support holds, the market may see another attempt at upward movement in the coming sessions. Strong liquidity, increased activity, and the token’s return to a historically relevant level create a constructive backdrop for those expecting Shiba Inu to recover momentum and potentially replicate its previous large-scale rallies.
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