$SHIB Key Insights Despite being repeatedly rejected near resistance levels, Shiba Inu (SHIB) remains above the major moving averages, maintaining higher lows as traders defend short-term support. Open interest has sharply declined from previous highs, reflecting weaker leverage exposure and cautious sentiment across the entire SHIB derivatives market. Over 410 trillion SHIB tokens are still being burned, and steady inflows of exchange funds along with volatility contraction support ongoing market stability. This week, Shiba Inu remains structurally resilient in the short term, even as buying momentum near key resistance zones weakens. The token briefly surged toward the $0.00000670 level, but sellers re-entered and capped the rally. However, buyers continue to defend higher lows on the four-hour chart, keeping the overall rebound pattern intact despite diminishing upward pressure. SHIB continues to trade above its key exponential moving averages, reinforcing short-term bullish conditions. The 20 EMA near $0.00000648 provided direct support during recent pullbacks. Additionally, the 100 EMA around $0.00000634 and the 200 EMA close to $0.00000624 further strengthen the broader support base, with traders closely monitoring price stability. Fibonacci barriers limit momentum ---------