Shiba Inu Shows Early Recovery Signs After 18% Weekly Drop and 50% Open Interest Reset
- Shiba Inu is trading at a price of -0.00001038 a fall of 18.1 per cent in seven days that has produced a stable price at a significant support level.
- RSI (31.83 -64.26) and MACD (-52.74M -61.71M) show that the sell pressure was cooling and the volatility was lower.
- The opposite is true in that market structure is better when a negative funding and falling open interest is observed which is an indicator of a healthier environment.
The SHIB market has found itself in critical consolidation due to a week of significant volatility. The token is currently at $0.00001038, a decrease of 18.1% in the last seven days. This has been preceded by a sharp correction that made the asset near its short-term support level. Although the market is experiencing a wider decline, market indicators show SHIB is not leaving its range. The recent pullback has also brought the token back close to a historical accumulation zone which is usually witnessed before significant liquidity moves.
Technical Indicators Show Reduced Volatility
As per the latest data, the Relative Strength Index (RSI) is between 31.83 and 46.26 representing that the momentum has slowed down following the previous sell pressure. According to RSI values, the short-term market of SHIB is cooling down, which makes the probability of the long-run, downside volatility minimal. It is important to note that such levels do normally occur during equilibrium periods when traders start re-evaluating levels of entry.
The MACD indicator gives more indication on market balance. The MACD line is close to -52.74M, and the signal line is close to -61.71M, and this indicates that there was a narrow distribution which indicates a decreasing bearish momentum. The histogram values obtained of around -8.97M indicate, in the meantime, the current sell side pressure has begun to relax. These readings taken together point to a stabilizing period following a dramatic liquidation period.
Support and Resistance Define SHIB’s Next Move
The nearest support is $0.00001038, whereas resistance is close to $0.00001128. These are the levels that determine the current trading price range of SHIB and which can be used as a temporary area of reference by traders watching out reversals.
This structure is supported by the small range of 24 hours where there is a pause before a new direction of the market emerges. Shiba Inu ($SHIB) community remains optimistic as investors recall missed buying opportunities near $0.00001, eyeing potential surge toward $0.10.
Market Outlook Points to Healthier Conditions
SHIB market structure has better healthier conditions than in previous weeks, although it is still experiencing losses. The rates of funding are negative and the open interest has gone down considerably signaling towards a diminished speculative pressure.
This adaptation usually favors a more sustainable trading environment. Sentiment is still wary, although RSI, MACD and major price-levels are aligned, the market has entered a more balanced condition, which is a likely precursor to possible repositioning.
