- Shib open interest rises 2.03%and touches 11.36T Shib in the midst of renewed trading activity.
- Stable price and exchange accumulation suggest possible bullish setup.
- IHS pattern on long-term graph refers to a trend remote if the breakout confirms.
Shiba Inu (Shib) shows early signs of renewed investor’s interests, because open interest on the meme mint has increased by 2.03%, to 11.36 trillion Shib with a value of approximately $ 158.65 million. The growth, based on CoingLass data, follows a period of price volatility and agrees to technical graphics patterns that indicate a possible trend removal.
The rise in open interest rates corresponds to increased derivative activity between major fairs. Gate.io currently leads with 54.18% of the total open interest, equal to 6.68 trillion Shib worth $ 85.97 million. Other stock markets are a bitget with 2.02 trillion Shib ($ 26.03 million), OKX at 1.15 trillion Shib ($ 14.86 million) and Bitunix with 958.22 million Shib ($ 12.34 million).
This distribution shows that traders are actively striving for potential benefits. The increase in open contracts indicates that the rising expectations of short -term or medium price movements in the short or medium term, where participants are used for recent price admissions to collect positions.
Related: Shiba Inu (Shib) Price forecast for 4 June 2025: Can bulls support above $ 0.00001300 in the middle of the current sale?
Price has an important levels despite wider market signals
At the time of writing, Shib traded at $ 0.00001323, with an increase of 3.23% over 24 hours. The market capitalization of the token reached $ 7.75 billion, with a trade volume of $ 143.69 million in the same period. The volume-to-market-market ratio was registered at 1.85%, which indicates moderate involvement compared to the size of Shib.
Intraday trade showed a solid win of $ 0.00001276 on 2 June to a peak above $ 0.0000134 in early June 3, followed by a correction and consolidation between $ 0.0000130 and $ 0.0000132. The stable price range can indicate accumulation behavior, despite the background of recent volatility.
A reverse head and shoulder pattern suggests Bullish Setup
Javonmarks, een crypto-analist, bevestigde het sentiment door een langetermijngrafiek te benadrukken die een omgekeerd hoofd- en schouders (IHS) -patroon illustreert dat zich ontwikkelt tussen 2021 en 2025. Deze formatie, gewoonlijk gekoppeld aan bullish reversals, heeft een linkerschouder, een diepere lage vorm van het hoofd rond het midden van de 2023 en een rechterschouder met een vergelijkbare Trog.
Related: Shib Price holds as Bulls Eye Breakout above $ 0.00001300
The current SHIB price of approximately $ 0.00001316 is in line with the graph data, to support the potential for a trend removal if the pattern is confirmed.
Moreover, a possible outbreak above the neckline of this pattern can indicate a target near $ 0.00002847. According to Javonmarks, the continuation of this trend could further push the price, although confirmation due to sustainable volume and market validation remains necessary.
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