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I just noticed that Shiba Inu has recently broken out of an symmetrical triangle pattern, and trading volume has increased significantly. This seems to be a positive signal for a potential upward trend. SHIB is currently holding steady above previous resistance levels, with higher lows appearing consecutively, indicating gradual stability.
What caught my attention is that activity in Shiba Inu's derivatives market is also quite lively, even though the current trading volume is around $1.25 million. Open interest remains high, reflecting investor participation. Short-term moving averages are also aligning in a positive direction.
From a technical perspective, SHIB is facing resistance between $0.0000065 and $0.0000072. If a breakout is sustained, the price could target the $0.0000080 level. The nearby support zone around $0.0000060 is quite important to maintain the current upward momentum.