Shiba Inu Consolidates in Symmetrical Triangle at Crucial Market Pivot
The Shiba Inu token is at a key point right now as it settles into a symmetrical triangle shape. This pattern often comes before big changes in the market, so traders and investors need to pay close attention to current support levels.
The token is now testing the $0.000011 support level, which is the same as the 0.236 Fibonacci retracement. In the past, this level has been a strong pivot point, often causing either sharp rebounds or stronger sell-offs, depending on how the market feels.
Fibonacci Levels and Price Reactions
If SHIB stays strong, it could bounce back to $0.000013, which would be a 14% gain from where it is now. This move would be in line with the 50% Fibonacci retracement and show that the market is starting to rise again.
But if this support doesn’t hold, prices could drop to $0.000010. This area shows an upward trendline that has been a safety net for months. If it breaks down here, it could mean a big bearish shift.
Trading Volume and Market Participation
There has been a big drop in trading activity over the last 24 hours, down by more than 42%. The volume-to-market-cap ratio is 1.68%, which means that fewer investors are taking part than in recent weeks.
These kinds of volume drops usually happen before long periods of consolidation or sudden spikes in volatility. Traders are keeping a close eye on these numbers to see if the market is getting back into action.
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Technical Indicators Show Mixed Signals
The MACD line is still below its signal line, and the histogram is still in the negative range, which means that bearish momentum is still present. Some traders may see this as a sign that sellers are still in charge of the market for the time being.
At the same time, RSI levels are around 46, which means the market is neutral. This positioning allows for movement in either direction, depending on outside factors.
Liquidation Levels Indicate Key Pressure Points
When looking at liquidation heatmaps, it is clear that there are a lot of leveraged positions around $0.000012 and $0.0000111. If prices break through support or resistance zones, these levels could be the start of a chain reaction of liquidations.
Balanced liquidity clusters show that SHIB may keep trading in a range until buyers or sellers take decisive action to break the current stalemate.
Trends in Futures and Open Interest
Futures open interest has dropped from more than $500 million to about $177 million. This drop shows that speculative activity is slowing down and that traders are waiting for the market to become clearer before making new trades.
Usually, when open interest goes down, volatility goes down too. This is because there are fewer leveraged bets, which leads to consolidation phases.
Highlights of ETF Absence Gaps in Institutions
In U.S. ETF filings, SHIB has mostly been ignored, unlike Dogecoin. The fact that institutions aren’t paying attention to it makes major investors even more worried about its long-term growth potential.
SHIB’s price movements are likely to stay retail-driven without a lot of institutional participation. This will make the price more volatile but stop it from going up for a long time.
What Shiba Inu’s Next Move Will Be
The current technical situation shows a good mix of bullish and bearish signals. Buyers who want to start a recovery rally need to protect the $0.000011 support level.
If this level doesn’t hold, selling could speed up toward $0.000010. If it does hold, a rebound could lead to a breakout toward $0.000013. Traders are still on the lookout as SHIB settles down at this important point.
