I've noticed that Shiba Inu has been showing interesting dynamics in recent days. It seemed like there was a decline yesterday, but now for the fourth consecutive day, the price is trying to recover, and over the past 24 hours, SHIB has risen by 4.21%. Over the week, the increase is even more significant — plus 5.56%. This slightly changes the overall picture.

Technically, SHIB is still in a challenging zone. The middle band of the Bollinger Bands remains a key level, and for now, the price is fluctuating around it. The lower boundary of the band is the nearest support level in case of a pullback. There are also deeper support levels below that could come into play if a more serious decline occurs.

What’s interesting is that the open interest in derivatives remains quite low. This indicates that major players are not very active yet. If Shiba Inu truly starts to grow and more positions open, it could be a signal of a more serious upward movement. For now, the situation remains uncertain, but the recent daily candles look somewhat more optimistic than they did a week ago.