Shiba Inu Price Prediction: Open Interest Surges 2% As SHIB Tests Triangle Breakout

• Shiba Inu trades at $0.00000785, consolidating below the 20 and 50-day EMAs as derivatives traders return with renewed interest.
• Open interest surges 2.11% to 10.85 trillion SHIB ($87.94 million), signaling speculative positioning after weeks of stagnant price action.
• An ascending triangle pattern on the 30-minute chart suggests a potential breakout, though burn rate decline of 34.44% reflects reduced network activity.

Shiba Inu price today trades near $0.00000785 as derivatives traders begin repositioning after weeks of sideways movement. Open interest has climbed while an ascending triangle pattern emerges on shorter timeframes, creating conditions for a potential breakout from the current range.

Open Interest Climbs As Traders Return

Derivatives data shows renewed speculative interest. Open interest has surged 2.11% to 10.85 trillion SHIB, equivalent to $87.9…

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