Key Insights
- Shiba Inu climbed 3.93% after a four-day decline, reaching $0.000007952 and briefly hitting $0.000008 during the Sunday session.
- Short liquidations totaled forty six thousand two hundred ten dollars as more than five point eight billion SHIB positions were unwound.
- Open interest increased five percent to seventy eight point five seven million dollars, marking a rise in activity across Shiba Inu derivatives.
Shiba Inu recovered on Sunday after four days of losses, posting a 3.93% rise that lifted the price to $0.000007952 and briefly to $0.000008 earlier in the session. The advance followed a period of steady declines from November nineteen to twenty two and it marked a shift in sentiment across the broader crypto market. Traders reacted quickly to the move as renewed buying pressure disrupted positions that had anticipated continued weakness.
The price rebound forced a wave of short liquidations as bearish traders faced swift losses when the market turned. CoinGlass data showed that total liquidations reached fifty seven thousand two hundred dollars in the previous day with short positions accounting for forty six thousand two hundred ten dollars. This represented more than five point eight billion Shiba Inu tokens and signaled a rapid shift in trading dynamics across derivatives platforms.
Open Interest Climbs as Market Watches Support Levels
Open interest also turned higher as activity increased among futures traders. The metric rose five percent in twenty four hours to reach seventy eight point five seven million dollars and reflected a return of participation after a muted period. The rise suggested that market participants aimed to adjust positions following the sharp liquidations and the early signs of stabilization in Shiba Inu.
The broader market traded mostly in the green during the session although analysts noted that conditions remained fragile. October’s sell off continued to influence sentiment and traders monitored support zones closely. If buying interest fails to hold momentum Shiba Inu could move toward the $0.000007 and $0.000006 support levels that defined recent trading ranges.
Shiba Inu may find a steadier path if the market confirms strength above the recent low of $0.0000071 because that level has acted as a short term base. A sustained move could lead to brief consolidation as traders weigh new data. If the wider market strengthens, the token may track toward the fifty-day and two hundred-day moving averages near $0.00000991 and $0.00001024.
Market observers noted that the shift in open interest played an important role in defining near-term sentiment because many traders had reduced exposure during the downturn. The renewed engagement signaled that market participants were prepared to reposition as conditions evolved. Additionally, the rebound arrived as several major assets posted modest gains, which helped create a more stable backdrop. The combination of increased liquidity and reduced selling pressure allowed Shiba Inu to regain its footing even as broader indicators continued to reflect caution across asset markets.
