Shiba Inu (SHIB) is displaying promising signs of recovery as its futures open interest climbs above 7 million tokens for the first time since late May. The meme token has seen a 1% increase in the last 24 hours, trading above a crucial Fibonacci level, with weekly gains reaching 5%. Market momentum appears bullish, with the 14-day RSI crossing above 50 for the first time in weeks, and trading volumes surpassing the daily average of 307.5 billion tokens. Despite whale selling pressure, SHIB's resurgence highlights growing investor confidence and potential for further upside.
Shiba Inu's Price Recovery Faces Whale Selling Amid Rising Futures Interest
Shiba Inu (SHIB) shows tentative signs of recovery as futures open interest surpasses 7 million tokens for the first time since late May. The meme token gained over 1% in 24 hours, trading above a key Fibonacci level, while weekly gains reached 5%.
Market momentum appears bullish with the 14-day RSI crossing above 50 for the first time in weeks. Trading volumes have exceeded the 307.5 billion token daily average during this recovery phase, suggesting growing investor interest.
Binance's SHIB perpetual futures market tells a conflicting story. While open interest and positive funding rates indicate bets on further gains, blockchain data reveals whales moving trillions of tokens to exchanges. Ten wallets control more than half of SHIB's supply, creating potential headwinds for the rally.
Shiba Inu's Meteoric Rise Challenges Meme Coin Stereotypes as Remittix Emerges
Shiba Inu has cemented its position among the top 10 cryptocurrencies by market capitalization in 2025, with its valuation nearing $7 billion. The token's ascent reflects growing institutional interest beyond its meme coin origins, fueled by Shibarium's layer-2 advancements and strategic token burns. Analysts observe sustained network activity, including over 1 billion transactions processed, signaling robust adoption.
Market projections diverge on SHIB's trajectory, with forecasts ranging between $0.0000133 and $0.0000326 for 2025. While some analysts anticipate breakout momentum, others emphasize the need for accelerated token burns to achieve higher price targets. The ecosystem's expansion into DeFi and NFTs continues to attract capital inflows.
Meanwhile, Remittix gains traction as a pragmatic alternative, offering crypto-to-fiat solutions that appeal to institutional investors. Its real-world utility presents a counterpoint to speculative assets, potentially redirecting market liquidity toward functional blockchain applications.
Shiba Inu Token Burns Surge Amid Market Indifference, Rival Token Eyes 11,937% Rally
Shiba Inu's burn rate has accelerated dramatically, with 9.5 million SHIB tokens permanently removed from circulation in a single day. The meme coin's deflationary mechanism aims to boost value through scarcity, yet prices remain stagnant at $0.00001181 despite the aggressive supply reduction.
Market data reveals muted short-term demand response, though Shibburn reports one of the highest daily burn volumes this year. Technical indicators show fleeting bullish momentum before consolidation resumed, leaving many holders underwater. Meanwhile, an unnamed sub-penny token is positioning for a potential 11,937% breakout by Q4.
Shiba Inu Shows Breakout Potential Days After Golden Cross
Shiba Inu's price action has been range-bound since early July, reflecting a lack of directional momentum. Despite this, the meme coin achieved a golden cross—a traditional bullish signal—as its 50-day moving average crossed above the 200-day moving average.
A 4% rally in the past 24 hours has broken SHIB out of its narrow range, suggesting growing bullish momentum. The coin is now testing a wedge pattern's descending resistance, with a breakout potentially mirroring past rallies of 67% or even 200% from similar support levels.
Technical indicators point to accumulating bullish pressure, though sustained volume will be key to validating the breakout. Historical performance at this critical juncture offers speculative upside for traders betting on a repeat.
