The Crypto Basic

#Dogecoin is testing key resistance at the Supertrend indicator level while an analyst says momentum is necessary for a rally.
Dogecoin (DOGE) is currently priced at $0.09964, declining by 2.42% over the past day. The price action has been particularly volatile, with Dogecoin briefly climbing above $0.10 before falling back to $0.099, then toward its current price. While it shows some resilience with a 3.77% gain over the past 7 days, this short-term recovery appears to be at odds with its broader downtrend. 
The 24-hour trading volume of $295.85 million in spot trades suggests a moderate level of market interest. However, the futures volume of $2.33 billion reveals more aggressive positioning in the derivatives market.
Dogecoin’s performance over the last 30 days has been grim, with a 27.69% decline, and its 90-day drop of 38.38% paints a picture of a challenging market environment. The situation worsens when examining its 1-year performance, where the price has fallen 62.51%, raising concerns for long-term holders. Despite this, Dogecoin still shows an all-time performance gain of 17,500%. 
Notably, if Dogecoin manages to break resistance near the $0.10 level, it could spark a short-term rally. Can DOGE surge higher to break key resistance?
Dogecoin Price Analysis 
Looking at the daily chart, Dogecoin is facing resistance around $0.11483, as indicated by the Supertrend indicator, which currently shows a red signal, highlighting bearish momentum. The market had previously tested this resistance level, and DOGE has struggled to break through it. 

If Dogecoin is unable to surpass this resistance, it may face further downward pressure. However, if it manages to break above this level, the next resistance could be around $0.125. Nonetheless, if the price fails to hold above this level, the next significant support zone lies at $0.095.
Looking at the Standard Deviation indicator, the current value is 0.00757, showing declining volatility in comparison to previous periods. This suggests that Dogecoin may be moving toward a consolidation phase, with price fluctuations staying within a narrower range. A spike in volatility could occur if the price breaks key levels of support or resistance, which would signal a potential move in either direction.
Analyst Weighs In
On the commentary end, analyst Trader Tardigrade notes that Dogecoin has successfully held above its descending trendline after the backtest, maintaining a bullish structure. Per his chart, the price has also retested and held the descending trendline support. 

However, he highlights that the momentum is currently weak, as the price needs to build more buying pressure to confirm the breakout. 
Trader Tardigrade advises watching for higher volume and stronger candlestick formations to validate the uptrend. While the outlook is cautiously optimistic, his next target for Dogecoin would be around the $0.146 level.
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A forming #Cardano Elliott Wave pattern on a lower timeframe continues to point to a potential rally, as price steadies around current levels.
Cardano (ADA) is indeed holding steady even as Bitcoin looks choppy. While the crypto leader has retraced slightly over the last 24 hours, ADA has risen by over 2%, outperforming all other assets in the top 11 by market cap. Still, there could be more in the pipeline for #Cardano .
Key Points
A forming Cardano Elliott Wave pattern on a lower timeframe continues to point to a potential rally, as price steadies around current levels.The structure consists of an initial bullish wave, a corrective second wave, and a final wave of price expansion to newer highs.The chart shows that wave (1) was a three-wave advance, while wave (2) was a single corrective wave.Two possible scenarios could play out in the second phase of wave (3) formation: one prompting a quick rebound, the other a steeper correction.Ultimately, Cardano could complete the Elliott Wave pattern, targeting a rally to $0.364.
Cardano Elliott Wave Rekindles Optimism
An analysis from “More Crypto Online” highlights a forming three-wave Elliott Wave pattern on the 1-hour chart. The structure consists of an initial bullish wave, a corrective second wave, and a third wave of price expansion to newer highs.
The chart shows that wave (1) was a three-wave advance. Wave A here started from the February 6 lows of $0.22 to $0.26. The short wave B forced a pullback to $0.24 the same day before wave C pushed ADA to $0.28, completing wave (1).
Meanwhile, the wave (2) was a single corrective wave, drawing Cardano from the $0.28 high to $0.25 on February 11. Now, the wave (3) is underway with wave A already completed. During this move, the coin rose from the wave (2) lows to a high of $0.30 on February 15.
Possible Scenarios for Wave B 
The analyst identified two possible scenarios that could play out in the second phase of the wave (3) formation. Notably, this is already underway, with ADA pulling back from the February 15 high to its current price of $0.29.
According to the analyst, wave B can overshoot. During wave A, ADA rallied past the 1.38 Fibonacci extension, which is beyond the maximum threshold as per the technical exposition. Citing this, the market watcher noted that a wider wave B is very likely.
The commentary identified two scenarios. The first is a continued uptrend in a diagonal pattern, with Cardano completing wave (3) in three waves. The chart shows that this would cause the coin to bounce off the current macro support levels, initiating wave C.

In contrast, wave B could be extended, pushing ADA much lower. The chart shows possible retests of the 0.50 to 0.786 Fibonacci levels, which align with major supports between $0.25 and $0.23. Notably, which scenario materializes will depend on how Cardano reacts at the $0.26 support level.

Likely Cardano Targets
Ultimately, the analysis indicates that Cardano will complete the Elliott Wave pattern. The target for the three-wave pattern is $0.364, representing a 27% move from the current market price.
Still, he did not rule out the possibility of an extended wave-patterned move to higher prices. In the meantime, ADA consolidates around the current level, with no confirmation of its next move.
#CryptoNewsFlash

#Solana shows short-term bullish momentum but faces resistance around key areas. Can SOL breach major breakout levels? 
Solana (SOL) is currently trading at $86.25, showing a 1.2% surge over the past 24 hours. The price has shown resilience after dipping to a low of $82.87 and reaching a high of $87.41, indicating moderate volatility during the day. This $4.54 daily price range between the lows and the highs shows the market’s active movement, with the price trending upwards as the day progressed, suggesting some bullish momentum.
In terms of trading volume, #Solana has seen a 24-hour volume of $3.60 billion, down over 12%. On the other hand, the market cap is currently at $48.97 billion, up about 1.44%. 
While Solana has shown positive performance in the short term, it is still down by 39.6% over the last 30 days and 53% over the past year. Traders will now be watching if Solana can sustain its upward momentum and break through key resistance levels.
Where’s Solana Headed?
On the daily chart, Solana is facing immediate resistance near the $91.69 level, as indicated by the middle band of the Bollinger Bands indicator. The price is currently moving towards this band, while the upper band is above at $114.65, indicating that the price is still well below its breakout levels.

In terms of support, Solana has found a floor around $67.74, just above the lower Bollinger Band placed at $68.73. If Solana bears were to take over, they would need to break below the lower band first, then the next support level at $60.
The Average True Range, currently at 6.94, indicates low and declining volatility in comparison to earlier periods. The ATR level shows that the price won’t experience extreme fluctuations unless momentum shifts significantly. This would be either a breakout direction above $91.69 or a breakdown below $68.73.
Can Solana Reclaim $90?
Meanwhile, veteran trader BitGuru recently observed that Solana has been following a clear downtrend for weeks in the 4-hour timeframe, characterized by lower highs and lower lows. However, the market is now attempting a small rebound after holding a key support zone. 

According to his commentary, SOL is currently trying to reclaim the $90–$95 resistance area. This could be crucial for determining whether the price can continue to recover or if it will face further downside pressure.
#CryptonewswithJack

#shiba⚡ Inu bulls face critical resistance, with SMA support in play, and indicators suggesting a potential reversal or further decline.
Shiba Inu (SHIB) trades for $0.00000665, a 3.4% decline over the past 24 hours. The price action reveals significant volatility, with the coin initially trading higher at about $0.00000688, before falling to $0.0000044 and settling at the current price. Shiba Inu’s 24-hour trading volume stands at $169.95 million, with spot volume at $31.45 million and futures volume at $135.43 million.
The meme coin’s performance metrics suggest a broader bearish trend. Over the past 7 days, SHIB has dropped by 8.9%, while the 30-day performance shows a significant decline of 22.1%. Even more concerning is the 58.8% decline over the past year, highlighting a tough year for SHIB holders. However, can Shiba Inu bounce back, or is this just the beginning of further downside? The coming days will be key to determining whether Shiba Inu can stabilize or head lower.
Where’s Shiba Inu Headed?
Shiba Inu’s daily price chart reveals that the price remains under pressure, with resistance testing near the $0.0000070 level. Elsewhere, support sits around $0.00000630, marked by the 9-day Simple Moving Average.

The SMA has been guiding price action and offering a dynamic resistance for SHIB, though it has now shifted into support. A breakdown below this support could push the price toward the next level, around $0.0000051.
Elsewhere, the Stochastic Oscillator is currently showing values of 72.89 (K-line) and 76.78 (D-line), both just below the overbought zone. This suggests that SHIB is nearing a potential reversal or consolidation phase, as the overbought territory typically signals that the market could be losing bullish momentum.
A crossover of the Stochastic lines (K below D) could further confirm this, pointing to a possible price pullback or even a deeper correction if it fails to break above resistance levels near $0.000007.
SHIB Testing Key Resistance Level
Expert analyst Ali Martinez notes that Shiba Inu is currently testing a key level at $0.0000067 as resistance. According to him, if SHIB can successfully reclaim this level as support, the next target could be $0.0000099, where additional resistance may lie.

Further resistance also exists on the chart at $0.0000148, and a break through this zone could lead to even higher price levels. Higher liquidity zones exist at $0.0000221 and $0.0000329.
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#XRP is up over 1% since the start of today but has printed a gravestone doji candlestick on the daily chart, raising fresh skepticism about its price direction.
Typically, the gravestone doji indicates that bears are in control of the market. Unless bulls step in to invalidate this candlestick on the next closing, the recent price high might be another lower high before the next leg down.
Key Points
XRP is up over 1% today but has printed a gravestone doji candlestick on the daily chart, raising fresh skepticism about its price direction.A gravestone doji forms when a candlestick opens bullish, but bears step in at some point, dragging the asset below the opening price.In this case, XRP opened at $1.50 on Sunday and climbed to a high of $1.66, then pulled back to $1.44 before closing at $1.47.The gravestone doji last printed on the weekly chart in January, and the result was a 46% decline from the close to the recent lows.XRP could still turn things around if it engulfs the gravestone doji or prints a strong bullish candle.
XRP Prints Gravestone Doji
Notably, analyst Ali Martinez first highlighted this formation in a Sunday tweet. He noted that the #XRP daily chart is forming a gravestone doji, signaling bullish price exhaustion.

A gravestone doji forms when a candlestick opens bullish, but bears step in at some point, dragging the asset below the opening price. Specifically, this pattern is characterized by a long wick at the top, indicating strong rejection at higher prices.
In this case, XRP opened at $1.50 on Sunday and climbed to a high of $1.66. That marked the price high, as a pullback ensued immediately, dragging the coin to a low of $1.44 before closing at $1.47.
What Happened the Last Time?
Martinez went further to explain in a parallel tweet that XRP fell drastically when the last gravestone doji appeared. He highlighted that this event occurred on the weekly chart in the week of January 5, and that the result was a 46% decline from the closing price to the recent lows.

For context, XRP opened that week at $2.04 but quickly climbed to $2.41 in a matter of days. It ended the week at $2.07, completing the candlestick. Subsequently, XRP dropped 46% from the closing to the February 6 low of $1.12.
The analyst noted this to highlight the concerning scenario that could play out if history repeats. While there is no certainty about this, and XRP’s price has not shown much weakness since today, things could worsen for XRP if history repeats.
EGRAG Crypto Agrees
Further adding to the skepticism is a stamp of approval from XRP permabull EGRAG Crypto. In response to the tweet, the market technician stated that he “agrees” with the gravestone doji behavior.
His wealth of experience and super-bullish stance on XRP make his reactions ones that enthusiasts want to keep an eye on. Taking a bearish stance, even in the short term, brings additional concerns to holders.
However, XRP could still turn things around if it engulfs the gravestone doji or prints a strong bullish candle. How it closes in the coming days will determine whether history repeats or bulls step back in again.

The #shiba⚡ Inu burn rate has spiked considerably in the past 24 hours, yet its price has remained almost redundant, failing to reflect this positive activity.
Shiba Inu burns recorded a massive spike from yesterday’s figures, as market proponents doubled down on efforts to reduce the memecoin’s large supply. After a meager burn rate on Thursday, data show a 173,579% spike in burn activity in the Shiba Inu ecosystem.
Key Points
Shiba Inu burns have spiked considerably in the past 24 hours, yet its price has remained almost redundant, failing to reflect this positive activity.Data show a 173,579% spike in burn activity, with 838,872 SHIB tokens incinerated in the past 24 hours.On-chain data shows that these burns occurred in two transactions of 580,858 SHIB and 258,014 SHIB, but they came from the same address, “0xe9caf.”The burns took the total burnt SHIB tokens to 410,754,337,836,935, representing about 41% of the maximum supply of 999 trillion.Amid this bullish network activity, Shiba Inu did not react much.
SHIB Burn Rate Spikes
According to the burn tracker Shibburn, the SHIB burn rate has increased considerably in the past 24 hours. So far today, 838,872 SHIB tokens have been incinerated, an impressive 173,579% rise from just 483 tokens burnt yesterday.
On-chain data shows that these burns occurred in two transactions of 580,858 SHIB and 258,014 SHIB, but they came from the same address, “0xe9caf.” Further analysis shows that the wallet “monarkoshi.eth,” funded by Coinbase, initiated this transaction.
It moved the SHIB tokens to the “0xe9caf” address, which then sent them to the burn address. Notably, the two transactions occurred in the early hours of today, causing the spike.
The burns took the total burnt SHIB tokens to 410,754,337,836,935, which is about 41% of the maximum supply of 999 trillion. However, amid this bullish network activity, Shiba Inu did not react much.

Shiba Inu Price Fails to Respond
Notably, the memecoin is up less than 1% in the past 24 hours. This missed the expectations of enthusiasts, who were hoping the staggering spike in burn rate would rekindle bullish momentum for Shiba Inu.
Meanwhile, the rebound was more of a reaction to a broader market rebound. With Bitcoin and major altcoins recovering slightly, SHIB followed their lead. Recall that the token grew by 2.3% yesterday due to this effect, recording its first green candlestick since the 12% rally on February 6.
Enthusiasts remain optimistic that SHIB will recover from the current dip to higher prices. One analyst sharing this view is Vuori Trading, which sees the current phase as a bear trap. His outlook predicts a 22x rally to unprecedented prices when the accumulation ends.
Dwindling Shiba Inu Volume Stalls Recovery
In the meantime, Shiba Inu trading volume continues to drop, signaling lower market activity involving the token. In the past 24 hours, spot and futures volume are down 9.6% to $24.3 million and 8% to $96.9 million, respectively. 
A look at the seven-day timeframe shows an even steeper drop. Specifically, spot volume has reduced 45.8% to $169.18 million, and futures volume is down 49% to $768.9 million. A turnaround in this would be crucial if SHIB is to recover further from here.
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#Solana wavers at key technical support as bearish momentum persists, with one analyst watching for a deeper breakdown.
Solana (SOL) currently trades for $79.25, experiencing a 1.6% decline over the past 24 hours. Against Bitcoin, it is trading at 0.001193 BTC, down 0.8% on the day. The 24-hour price range spans from $76.81 (low) to $82.05 (high), showing a fairly wide intraday volatility. 
Looking at the chart patterns, SOL initially traded near the $80–$82 region before experiencing a sharp selloff, breaking below $78 and briefly dipping near the daily low around $76.81. Following that move, the price began a gradual recovery and is now hovering near $79. However, price has not yet reclaimed the earlier highs near $82, which remain immediate resistance.
Performance metrics across broader timeframes show mixed momentum. Over shorter intervals, SOL is up 0.2% in 1 hour, but down 1.4% over 24 hours and 0.5% in the last 7 days, indicating short-term weakness. More notably, the asset is down 31.6% over 14 days and 45.3% over 30 days. These longer-term figures clearly reflect a significant macro drawdown phase. 
The big question now remains: is this consolidation the base for Solana’s next leg up, or simply a pause before further downside?
What’s Next for Solana?
From a support and resistance perspective on the 1D SOL/USD chart, price is currently trading around $79.72, after printing a recent low near the mid-$70s. The most immediate support sits in the $75–$77 region, which aligns with the recent swing low and the sharp wick rejection. 

A breakdown below this area would likely expose psychological support near $70, which also aligns closely with the current Parabolic SAR. On the upside, immediate resistance has begun forming around $90, followed by a heavier supply zone between $100–$110. Looking at the Parabolic SAR itself, the dots have flipped below price following the recent rebound, with the current SAR reading around $69.32. 
This shift suggests a potential short-term trend reversal or at least a pause in bearish momentum. However, the broader structure still reflects a clear daily downtrend, as the previous SAR alignment remained above price throughout the recent selloff.
The True Strength Index shows deeper insight into momentum conditions. The TSI line is currently around –43.91, with the signal line near –36.33, both deeply below the zero line. This confirms bearish momentum remains dominant. For stronger confirmation of a bullish shift, traders would want to see the TSI curl upward and cross above the signal line while the price holds above the Parabolic SAR and reclaims resistance levels.
Solana Going to $50?
Elsewhere, Altcoin Sherpa has warned that Solana could drop toward $50 if it loses the current support level, highlighting the critical zone around $75–$77. In the shared chart, SOL is trading near $77.35 after a sharp rejection from above the 200-week EMA (around $121) and a strong breakdown from the $95 region. 

The next major historical support sits near $51.23, which corresponds with prior consolidation and a former resistance-turned-support zone. If the $77 level fails, the chart structure suggests a potential vacuum lower toward that $50–$52 area, validating Sherpa’s downside scenario. 
#CryptonewswithJack

The current #shiba⚡ Inu pullback aligns with a market phase that usually precedes a breakout and subsequent parabolic price expansion.
For context, this period represents the “bear trap” phase, which comes during price accumulation. While it tests the patience of holders, what follows could take Shiba Inu to price levels never seen before in its history.
Key Points
The current Shiba Inu pullback aligns with a market phase that usually precedes a breakout and subsequent parabolic price expansion.This period represents the “bear trap” phase, which comes during price accumulation.The exact length, bottom, or timeframe for this phase to fully play out remains uncertain, but it will eventually give way to a bullish development.The accumulation phase is part of three market phases, preceded by the crash and retrace periods.A massive expansion is the endgame of these three market phases.
Shiba Inu Bear Trap
Usually, traps are meant to catch bearish investors off guard. In this case, the bear trap phase is the final stage of a broader accumulation phase, which precedes a breakout. This aims to confuse bears, making them think they are still in control before wrecking them with a bullish expansion.
Analyst Vuori Trading emphasized this course in his recent X tweet, calling the current market phase pure manipulation before SHIB shoots higher. While he did not specify the exact length, bottom, or timeframe for this phase to fully play out, he remains resolute that it will eventually give way to a bullish development.
Part of the Three Market Phase
An accompanying chart further explains that the accumulation phase is part of three market phases. Before it is the crash and retrace periods, which bear different characteristics.

For perspective, the crash kicked in after the 2021 all-time high of $0.0000885. It featured a severe price downtrend, with SHIB falling over 90% to reach the $0.0000079 support level in June 2022. 
Subsequently, the retrace phase followed—a period of brief market rebound. SHIB touched a price floor at $0.0000054 in June 2023 and consolidated for months before breaking out in November 2024.
Prices of $0.0000456 in March 2024 and $0.0000334 in December 2024 marked the retracement phase highs before the current accumulation began. Notably, SHIB has lost over 80% of its value, chopping slowly and steadily toward the current support area. Now that the bear trap phase is progressing, the corrective phase may be nearing its end.
A 22x Shiba Inu Rally Afterward
Interestingly, the analyst sees a massive expansion as the endgame of these three market phases. He expects the meme coin to break out once it finished with accumulation and reach unprecedented prices.
Specifically, his target is a 22x rise to $0.00014, which would see SHIB remove two zeroes from its current market price of $0.0000060. In percentage terms, this represents a 2,233% increase.
Despite the bullish take, the commentator warned that this is not financial advice. Moreover, there is no guarantee that SHIB could rally that high, as market uncertainty and failed capital reallocation to meme coins continue to hamper momentum.
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#Ethereum faces resistance near a key psychological level as staking queues surge and validator participation reaches historic highs across the network.
Ethereum (ETH) is currently trading at $1,971, up 1.4% over the past 24 hours amid modest intraday recovery momentum. The daily range spans from $1,911.96 to $1,999.24, reflecting a nearly $88 spread between session low and high. Price briefly pushed toward the psychological $2,000 level but remains just below it, suggesting buyers are attempting to reclaim near-term control without yet securing a decisive breakout.
Relative performance also shows resilience. #ETH is up 0.9% versus Bitcoin on the day, indicating slight outperformance against the market leader. However, broader timeframes remain under strain, with ETH down 5.5% over 7 days, 33.4% over 14 days, and 36.8% in the last 30 days. Despite the recovery attempt, the higher-timeframe structure still reflects sustained downside pressure. Can ETH break further resistance and recover?
Ethereum Price Analysis
Ethereum is currently hovering above the $1,960 region after rebounding from a recent swing low near $1,911, which now serves as key short-term support. This zone marks the latest defense point following the sharp leg lower from the $3,400 area seen in mid-January. A decisive daily close below $1,911 would weaken the current stabilization attempt and could expose ETH to deeper downside toward the $1,880–$1,900 region.

Momentum indicators reflect early stabilization but not a confirmed reversal. The RSI is currently around 29.5, with its signal line near 28.0, placing ETH near oversold territory. While this suggests downside momentum may be cooling, RSI remains below the neutral 50 level, meaning bullish momentum has not yet regained control.
The Parabolic SAR dots have also flipped below the price around $1,770, signaling a tentative short-term bullish shift. However, for a meaningful trend reversal, traders would need to see the RSI decisively push above 40–50 while price clears the $2,000 resistance zone. Until then, Ethereum remains in a fragile recovery phase rather than a confirmed breakout environment.
Ethereum Staking Queue Surges
Elsewhere, Ethereum’s staking activity is accelerating sharply, even as price action remains under pressure. According to analyst Leon Waidmann on X, over 4,086,022 ETH is currently waiting to enter the staking queue, translating to an estimated 71-day entry delay.
In contrast, the exit queue remains relatively light at around 24,000 ETH, indicating limited validator withdrawals. The imbalance suggests more participants are committing capital to long-term network participation rather than seeking liquidity.

Waidmann also highlighted that approximately 36.6 million ETH is already staked, representing roughly 30% of the total supply. Meanwhile, the network is secured by nearly 975,000 active validators, reflecting sustained growth in Ethereum’s validator set. The rising validator count underscores increasing decentralization and long-term engagement despite recent price weakness.
The surge in staking participation, coupled with minimal exit pressure, points to tightening liquidity dynamics. As more ETH becomes locked in validator contracts, circulating availability shrinks. This trend suggests that, even during periods of muted price performance, a segment of market participants continues to accumulate and commit capital with a longer-term outlook.
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While downside pressure dominates the market amid price weakness, several factors point to a near-term recovery course for #shiba⚡ Inu.
Indeed, Shiba Inu looks fragile as the broader market continues to consolidate. The meme coin is down across all timeframes, as its price gravitates towards lower price levels.
Yet all hope is not lost, as Shiba Inu might recover higher. Its strong support and the buy-side liquidity above suggest the token could be set on a rebound course to greater heights.
Key Points
While downside pressure dominates amid price weakness, several factors point to a near-term recovery course for Shiba Inu.Support around $0.0000060 to $0.0000056 is crucial for SHIB, as it has never broken below it since its market debut over four years ago.Data shows that the exchange reserve has dropped over 316 billion SHIB in the past five days to 81.3 trillion tokens, as holders move their stash away from exchanges.Another factor that could drive SHIB higher is the buy-side liquidity at higher prices.
Weekly Support Holds Strong
Shiba Inu currently trades within a weekly support zone. Notably, this area, around $0.0000060 to $0.0000056, is crucial for #SHIB , as it has never broken below it since its market debut over four years ago.
Notably, it has maintained a price above this level so far, rebounding considerably from a drop to $0.00000507 last week. As long as Shiba Inu holds above this support level, it could rebound to higher prices.
Interestingly, on-chain metrics add to the optimistic view. CryptoQuant data shows that the exchange reserve has dropped over 316 billion SHIB in the past five days to 81.3 trillion tokens, as holders move their stash away from exchanges. The move suggests that buying pressure is slowly returning as holders accumulate rather than sell their tokens on exchanges.

Buy-Side Liquidity
Another factor that could drive SHIB higher is the buy-side liquidity at higher prices. For the uninitiated, this refers to a level with large volumes of unfiled buy orders. Typically, these are price magnets, and an asset tends toward them to grab liquidity.
Derivatives data from Coinglass show that massive liquidity is concentrated around the $0.000010 level, with $591,630 in liquidation leverage at risk of a wipeout if the price reclaims this psychological level. Before that, there are also lower-liquidity blocks. The chart shows that liquidity is greater on the upside than on the downside, as traders are heavily skewed toward further price corrections.
Buy-side liquidity also lies around $0.0000350, and a steady recovery could ensure that Shiba Inu reaches the multi-year high. On the way to this price, potential profit targets are $0.0000150 and $0.000025, where significant resistance levels exist.

#shiba⚡ Inu remains under pressure as resistance cap rebounds, while falling open interest and weak momentum continue to limit upside potential.
The Shiba Inu (SHIB) market is once again testing trader patience, as the latest session shows sellers maintaining control despite brief intraday rebounds. SHIB is trading near $0.000006105, down about 1.26% over the past 24 hours. The price action is confined in a relatively narrow but volatile daily range between roughly $0.00000609 and $0.0000063.
Early in the session, SHIB attempted to hold above the mid-range, but selling pressure steadily increased, dragging the price back toward the lower end of the band. Market activity remains active, with $21.84M in spot volume and $86.42M in futures volume, suggesting that derivatives traders continue to dominate short-term price discovery.
Performance across timeframes reinforces the bearish tone. SHIB is down 1.23% over both the 4-hour and 24-hour windows, while losses deepen to 7.91% over seven days. The drawdown extends further over longer horizons, with SHIB down 29.48% over 30 days, and 39.74% over 90 days. While long-term performance still shows outsized gains on an all-time basis, recent momentum clearly favors sellers. Can bulls shift momentum?
Can SHIB Bulls Shift the Momentum?
On the daily chart, #Shiba Inu remains under clear technical pressure, with price sitting below the Bollinger Bands midline. The 20-day SMA (mid-band) sits around $0.00000705, acting as immediate overhead resistance, while the upper band sits near $0.00000847, marking a much higher recovery hurdle.

On the downside, the lower Bollinger Band is around $0.00000562, which defines the next volatility-based support zone. Price has recently bounced below this band, making it an important support for SHIB to hold.
Momentum indicators continue to support the bearish bias. The True Strength Index remains deeply negative, with readings of 29.85 on the main line and 22.46 on the signal line, both below the zero axis. This configuration typically signals sustained downside momentum, unless the TSI can flip over the signal line.
From a level-based perspective, support is concentrated between $0.00000560 and $0.00000580, while near-term resistance sits at $0.00000630–$0.00000680. A stronger recovery would require a daily close above the $0.00000705 mid-band to neutralize downside pressure, with $0.00000847 remaining the major resistance cap.
Shiba Inu Open Interest Declining?
Shiba Inu’s open interest data points to continued deleveraging alongside price weakness, reinforcing the cautious tone across derivatives markets. Open interest has steadily declined from the $200 million–$250 million range recorded in late September 2025 to approximately $65.75 million as of February 9, 2026, according to CoinGlass.

While there was a brief pickup in early January, when open interest rebounded toward the $150M zone alongside a short-lived price bounce, that move failed to sustain, and both price and open interest rolled over again. The current setup suggests traders are reducing leveraged exposure rather than positioning aggressively for a rebound.
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