Shiba Inu Open Interest Drops to $59 Million as Price Tests Support at $0.000006

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu open interest has seen a drop as the market saw mixed trading in the early Friday session. Advertisement According to CoinGlass data , Shiba Inu open interest fell 5.53% in the last 24 hours to $58.72 million. Following a sharp rise to $0.00000653 on Feb. 25, the Shiba Inu price retreated. At the time of writing, Shiba Inu was down 2.79% in the last 24 hours to $0.000006 as the broader crypto market headed into Friday on the back foot. HOT Stories XRP-Friendly SBI to Launch Japan Stablecoin in Q2, Ethereum May 'Flip' Bitcoin in Five Years Amid Quantum Threat, Cardano's USDC Eyes Two-Day Deadline: Morning Crypto Report Critical XRP Ledger Bug in Batch Amendment Could Have Drained User Wallets Most major tokens posted losses over the last 24 hours as traders continued to de-risk alongside equities following Nvidia's earnings-driven pullback. Advertisement An unexpected rally earlier in the week had raised optimism among investors that the digital asset market was reaching a bottom following a more than four-month slide. However, this reversed, with Shiba Inu open interest falling as a result. You Might Also Like Thu, 02/26/2026 - 14:41 Shiba Inu Open Interest Down 5% Despite SHIB Price Relief Rally By Godfrey Benjamin Investors are looking ahead to the January reading of the producer price index on Friday, set to be released by the Bureau of Labor Statistics in the morning. Economists are expecting a gain of 0.3% for both headline and core, which excludes food and energy. Advertisement The next resistance targets for Shiba Inu lie at $0.00000733 and $0.00000968. Support lies at $0.00000590 ahead of $0.00000575. The broader crypto market recovery will be watched with respect to the Shiba Inu price rebound; analysts believe digital assets are more likely to move with broader risk sentiment rather than on purely crypto specific catalysts. Shiba Inu roadmap Shiba Inu SOU went live on Feb. 17 as part of efforts to restore users impacted by the Shibarium hack incident last September. The initiative will support impacted Shibarium users with payouts, donations and occasional rewards. You Might Also Like Sun, 02/22/2026 - 15:18 Shiba Inu Issues Security Notice on Fake SOUs Amid Launch of Recovery System By Tomiwabold Olajide In the "Shib owes you" system, every affected Shibarium user has an SOU NFT, which is an on-chain, verifiable record of exactly what the Shiba Inu ecosystem owes them. Following the compromise of validator keys, a full overhaul of the proof-of-stake node structure is underway. The objective is to transition from a centralized validator model to a more distributed, community governed validator set. Shibarium's privacy upgrade is scheduled for Q2, 2026, and will represent a key technical milestone for the layer-2 blockchain. #Shiba Inu (SHIB) News #Shiba Inu