The latest data from crypto market price indices implicates a story of an early rebound for Shiba Inu (SHIB). The second largest meme currency in the market has grown nearly 2% in 7 days to tackle the multi-month resistance line of $0.00000650, according to CoinGecko.
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Moreover, Shiba Inu’s price established consistent higher highs & higher lows since May 10, 2026, while the Open Interest (OI) has surged above 6 billion tokens. On one side, this uptick in speculative interest could speed up the rebound rally, but high leverage also hints at a more drastic downside if that’s the case.
SHIB’s Now Relying On This Tight Range Breakout
Presently, Shiba Inu’s (SHIB) price trajectory mainly depends on holding the major demand territory between $0.00000650 to $0.00000667, as noted in several recent technical reports. Even though SHIB’s net positions on Derivatives shifted from -200 million to 400 million in the black over the past week, that’s only half of the story.
More traders have been going short on Shiba Inu (SHIB) over the past 24 hours than went long on the meme coin’s price. This is portrayed in the short versus long ratio at 0.9357, even though one major exchange’s customers showcased utter belief in the asset. Indeed, Binance’s users posted a ratio of 1.7667, nearly doubling the bullish plays in comparison to the general public.
Shiba Inu’s Red-Label Bollinger Band Still In Play
On the Spot market side, the trading volumes have been more stagnant – just climbing beyond $100 million on the daily time-frame. Meanwhile, big-time crypto players, otherwise known as crypto whales, have gradually acquired the asset since May 9, 2026, but that hype is drying down now, judging by Chaikin Money Flow (CMF) swings on the 4-hour time-frame.
The Bollinger Band at $0.00000667 presents us a challenge unprecedented since February 16, 2026. Then, Shiba Inu’s (SHIB) price kept above $0.00000700 for the whole year. If that kind of bullish reversal comes knocking, the fifth zero could be taken out – especially if the meme coin’s supply reaches unprecedentedly low levels on major crypto platforms.
Will SHIB’s Supply Crunch Summon Price Appreciation?
For now, this definitely seems to be the case – Shiba Inu’s reserves on crypto exchanges have drastically plummeted from 170 trillion two years ago to 82.2 trillion coins now, according to the real-time stats from CryptoQuant. Matched with speculative interest, a trading volume boost or a new utility case, this could instigate what’s known as a ‘liquidity crunch’.
Simply put, this makes Shiba Inu (SHIB) a limited asset on the regular markets, especially if long-term holders continue to dominate the trend instead of day-traders. The massive drop in Shiba Inu’s exchange reserves indicates that most long-term holders prefer self-custodial crypto wallets over major exchange balances, most of them unlikely to sell SHIB in a few years.
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A huge wave of holders have been moving their SHIB into self-custody wallets. This is classic “diamond hands” behavior — people are taking their coins off exchanges and refusing to sell.
Less supply on exchanges usually means less selling pressure and more potential for a violent squeeze when buying comes back. In theory, this kind of supply shock should ignite a strong bounce.
