Shiba Inu open interest has seen a drop as the market saw mixed trading in the early Friday session.
According to CoinGlass data, Shiba Inu open interest fell 5.53% in the last 24 hours to $58.72 million.
Following a sharp rise to $0.00000653 on Feb. 25, the Shiba Inu price retreated. At the time of writing, Shiba Inu was down 2.79% in the last 24 hours to $0.000006 as the broader crypto market headed into Friday on the back foot.
HOT Stories
XRP-Friendly SBI to Launch Japan Stablecoin in Q2, Ethereum May ‘Flip’ Bitcoin in Five Years Amid Quantum Threat, Cardano’s USDC Eyes Two-Day Deadline: Morning Crypto Report
Critical XRP Ledger Bug in Batch Amendment Could Have Drained User Wallets
Most major tokens posted losses over the last 24 hours as traders continued to de-risk alongside equities following Nvidia’s earnings-driven pullback.
An unexpected rally earlier in the week had raised optimism among investors that the digital asset market was reaching a bottom following a more than four-month slide. However, this reversed, with Shiba Inu open interest falling as a result.
Investors are looking ahead to the January reading of the producer price index on Friday, set to be released by the Bureau of Labor Statistics in the morning. Economists are expecting a gain of 0.3% for both headline and core, which excludes food and energy.
The next resistance targets for Shiba Inu lie at $0.00000733 and $0.00000968. Support lies at $0.00000590 ahead of $0.00000575.
The broader crypto market recovery will be watched with respect to the Shiba Inu price rebound; analysts believe digital assets are more likely to move with broader risk sentiment rather than on purely crypto specific catalysts.
Shiba Inu roadmap
Shiba Inu SOU went live on Feb. 17 as part of efforts to restore users impacted by the Shibarium hack incident last September. The initiative will support impacted Shibarium users with payouts, donations and occasional rewards.
In the “Shib owes you” system, every affected Shibarium user has an SOU NFT, which is an on-chain, verifiable record of exactly what the Shiba Inu ecosystem owes them.
Following the compromise of validator keys, a full overhaul of the proof-of-stake node structure is underway. The objective is to transition from a centralized validator model to a more distributed, community governed validator set.
Shibarium’s privacy upgrade is scheduled for Q2, 2026, and will represent a key technical milestone for the layer-2 blockchain.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu (SHIB) on the Verge of Breaking 81 Trillion Threshold - U.Today
Recovery path is not simple
Inflows ruined picture
Following weeks of comparatively stable exchange balances, Shiba Inu is once again getting close to a crucial on-chain threshold. Currently trading close to $0.0000058, the meme-based asset is making an effort to stabilize following a
UToday5m ago
Shiba Inu Surges 5% as Short Squeeze Drives SHIB Momentum
SHIB rebounded 5% to $0.00000572, reversing a week of losses.
Short sellers faced $38,680 in liquidations, fueling a strong momentum shift.
Technical indicators suggest rising pressure, with resistance at $0.00000587 and support at $0.00000526.
Shiba Inu staged a sharp rebound on
CryptoNewsLand5h ago
SHIB Derivatives See 1,549% Jump in Netflows: Is Short Squeeze Brewing? - U.Today
Shiba Inu (SHIB) experienced a 1,549% increase in futures netflows as traders adjusted their positions, with inflows surpassing outflows. Despite a recent price drop, positive on-chain indicators suggest potential for a market rebound if buyers return.
UToday7h ago
Shiba Inu Edges Toward $0.055864 Barrier as 24-Hour Gains Lift SHIB to $0.055848
SHIB also rose by 4.2 per cent in 24 hours to hit its highs at $0.055848, and has continued to climb consistently.
Positive cross-market performance is reflected in SHIB gaining 3.8 percent versus BTC and 2.9 percent versus ETH.
The resistance at $0.055864 and the support at $0.055614
CryptoNewsLand19h ago
