Breaking News 🗞️

After days of relentless liquidations, Shiba Inu bulls finally got a figure they could live with: according to CoinGlass's liquidation data for SHIB, there have been no long liquidations over the last hour, while shorts took the entire hit at $699.13. For a meme coin that punishes late entries, this matters.

It means that the latest price increase was not funded by overleveraged buyers who were wiped out on the next candle. The bulls stayed in and the market stopped taking their money.

On the SHIB/USDT Binance chart, there was a fast dip and rebound, with the price snapping back toward $0.00000715 after reaching the $0.00000706 area. The five-minute chart then flipped from red to green with a series of higher closes, and the latest reading was near $0.00000715, up 0.14% on the candle.