Shiba Inu (SHIB) Sees Shorts Exit in 4 Hours While Price Eyes Recovery

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 reversed a three-day drop earlier in the week, with its price rising to $0.00000622 on Friday, bringing SHIB above the daily MA 50 at $0.00000604. Advertisement However, the rise was short-lived, with Shiba Inu returning below the daily MA 50. At the time of writing, SHIB was up 0.53% in the last 24 hours to $0.00000596 and up 0.69% weekly. The unexpected price move saw short positions exit briefly, with $0 in short liquidations in the last four hours, rather long liquidations were recorded. HOT Stories $15 XRP? Ripple CTO Emeritus Responds to Critic With Surprise Take Crypto Market Review: 3 Key XRP Levels Just Collided, Critical Shiba Inu (SHIB) Test for Upcoming Resistance, Ethereum (ETH) Might Lose $2,000 Next Week This indicated that the sudden price drop had caught long traders who were anticipating a price increase unawares. Advertisement The last 24 hours saw more longs liquidated than shorts, with traders anticipating the SHIB rise to continue. According to CoinGlass data , Shiba Inu saw a total of $89,620 in liquidations; long positions accounted for $67,340, and shorts accounted for $22,280. You Might Also Like Fri, 03/20/2026 - 14:34 Shiba Inu Bear Trap? SHIB Hourly Death Cross Fails to Stop 5% Price Jump By Tomiwabold Olajide Shiba Inu is attempting a breakout past the daily MA 50 at $0.000006. SHIB's price briefly returned above here on March 16 and 20, but the rise could not be sustained. If this is achieved, Shiba Inu will aim for $0.00000644, $0.00000836 and $0.000010 while support is expected at $0.00000508. Advertisement Shiba Inu open interest jumps 14.31% Shiba Inu open interest has returned to the green, suggesting traders are increasing their positions. You Might Also Like Sat, 03/21/2026 - 03:00 Shiba Inu (SHIB) +200 Billion Exchange Inflow Threshold Extremely Close: 24-Hour Increase By Arman Shirinyan According to CoinGlass data, Shiba Inu open interest is up 14.43%, after earlier dropping as much as 30%. This amounted to $55.70 million in the last 24 hours, indicating that traders are betting on SHIB's next move. With the Federal Reserve hinting at increasing uncertainty on growth and inflation outlooks earlier this week, traders have scaled back expectations for Fed rate cuts. In positivity for the crypto market, the U.S. Securities and Exchange Commission on Tuesday unveiled new details of how it will classify cryptocurrencies, with major cryptocurrencies, including SHIB, deemed not to be securities. The altcoin market continues to show signs of optimism despite a handful of coins trapped in a tight trading range since early February. #Shiba Inu (SHIB) News #Shiba Inu