A review of this week's top Web3 moments in Hong Kong

SHIB is trading around $0.0000058, providing support at this level while maintaining a bearish structure; the convergence in price movement indicates that a cross-market volatility expansion phase is imminent. • The decrease in open interest and ongoing outflows of spot funds suggest that speculative activity is weakening. Despite signs of short-term stabilization, this also highlights weak participation, thereby limiting strong bullish momentum. • If it breaks above $0.0000073, it could change the short-term structure, with the upside potential targeting $0.0000090; but if it fails, it may lead to further downside testing of liquidity levels at $0.0000050. Shiba Inu's price continues to trade under pressure as the larger structure's bearish momentum remains firm. The price hovers near the support level of $0.0000058, with recent consolidation reflecting a fragile balance between buyers and sellers. Therefore, this area now defines the short-term direction, with traders awaiting a decisive move. Additionally, overall market sentiment remains cautious, as volatility contracts and participation weakens. This narrowing range often occurs before a sharp expansion, placing SHIB at a critical turning point. Consequently, the short-term price trend may set the tone for the next directional move. $SHIB