Overview
- SHIB is hovering around $0.0000053–$0.0000054 after a 21.5% February slide, extending a multi‑month downtrend from its November 2024 peak.
- CoinGlass shows futures open interest rebounding to about $63–$65 million while the weighted funding rate fell to its lowest level since December, signaling increased bearish positioning.
- Daily structure remains bearish with lower highs and lows as MACD and a declining Accumulation/Distribution line reflect seller control.
- Key resistance sits near $0.0000058, $0.0000060, and $0.0000066, and a recent 5.55% bounce to $0.00000633 failed to attract sustained demand.
- Price is clinging to the $0.0000053 demand zone, with a break risking a move toward $0.0000050 and potentially $0.00000389, while extreme fear and exchange inflows point to ongoing distribution.