The popular meme coin Shiba Inu (SHIB) has managed to reclaim the monthly support levels of $0.00000629, but slight rebound isn’t impressive enough to erase the fifth zero. For this reason, a huge hurdle remains: Shiba Inu’s largest investors, popularly known as whales, aren’t actively buying the asset at this price range.
These Price Levels Got Shiba Inu On Edge
On the contrary, the Chaikin Money Flow (CMF), a key financial instrument smoothing out the large-investor flows, was still dwelling in slightly negative territory at the time of publication. If Shiba Inu’s (SHIB) price doesn’t restore the $0.00000700 resistance level soon, this setup will most likely resemble bearish divergence.
This tends to happen when a digital asset’s price goes into deeply-oversold territory without much buying power, practically meaning Shiba Inu (SHIB) is under-valued against the present market conditions. Despite the bear market still returning on occasion, Shiba Inu (SHIB) whipped up 31% gains since the cycle low of $0.00000500, hit on February 6, 2026.
SHIB’s Supply Crunch Restores Optimism
The recent price action puts Shiba Inu 92.58% below the meme coin’s all-time high, inked on October 28, 2021. With many of SHIB Army members persistently believing in SHIB’s ultimate price rebound, trillions of Shiba Inu coins are getting shuffled to self-custodial crypto wallets from major platforms. Notably, the shifting sentiment also shows on Futures data.
Over the past 24 hours, the Open Interest (OI) weighted funding rate flipped back to the green area, hinting at short-sellers now paying for bullish SHIB price positions. Moreover, leveraged markets saw a long versus short ratio of 1:02, with Binance’s customers being the most bullish on SHIB, showcasing a 1.71 daily ratio, according to CoinGlass data.
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Shiba Inu coin trades around $0.00000650–$0.00000659, showing minor daily fluctuations with a slight downward bias.
The Stochastic RSI indicates extreme oversold conditions near 20–25 levels across multiple sources, signaling hefty selling exhaustion.
Shiba Inu has reclaimed the major demand territory at $0.00000629, aligning with monthly key support to prevent deeper immediate declines.
Futures sentiment leans bullish with some positioning, as well as the exchange crunch. However, persistent lack of buying power keep near-term vibes bearish.
