SHIB is trading in the ~$0.000010 region. Technical indicators show a bearish skew, with 73% of signals turning negative.
The derivatives market is heating up: open interest rose ~15% recently, and the long/short ratio sits around 0.9, suggesting cautious bullish sentiment among traders.
On the fundamental side, SHIB’s token-burn activity has picked up: over 32 million tokens were burned in one week, which could support price if demand picks up.
⚠️ Key Levels & Outlook
Support levels: Approx. $0.000009963, $0.000009794, $0.000009664 as near-term support zones.
Resistance levels: Around $0.00001026, $0.00001039, $0.00001056 for the next challenge.
Bullish scenario: If market sentiment improves broadly, SHIB could bounce toward ~$0.00001120 by December.
Bearish scenario: If SHIB fails to hold support and broader crypto risk rises, it could slide below ~$0.00000966 and possibly revisit lower levels.
✅ Take-Away
While Shiba Inu remains one of the major meme-coins with strong community backing, its near-term outlook is cautious. The token is showing signs of structural vulnerability (bearish technicals, heavy supply) albeit with some positive fundamental sparks (burns, derivatives interest). If you’re watching SHIB, keep an eye on whether it holds the ~$0.0000099 zone and whether a breakout above ~$0.0000104 can be sustained.$SHIB
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