Shiba Inu (SHIB) Price Stumbles To Find Footing Amidst Broader Market Volatility

SHIB's price has struggled to regain footing amid broader market volatility. The token dropped over 15% on March 3 before recovering in recent sessions.

Shiba Inu’s (SHIB) price has struggled to regain footing amid broader market volatility. The token dropped over 15% on March 3, aligning with the market-wide downturn as risk assets faced increased pressure.

Shiba Inu’s decline also coincided with a notable drop in open interest (OI), signaling a reset in leveraged positions. However, technical indicators now suggest that SHIB could be nearing a turning point.

A bullish technical pattern has emerged for the Shiba Inu coin, which could help the token paint a reversal. Derivatives data further supports this possibility, as funding rates are positive, suggesting that long positions dominate the futures market.

This suggests traders are positioning for upside, but if funding rates rise too aggressively, it could lead to overleveraging and a potential long squeeze. If bulls sustain momentum at current levels, SHIB could see a sharp recovery.

Whether the pattern confirms a breakout or further downside depends on the strength of incoming volume and market sentiment.

Shiba Inu’s price has struggled to regain footing amid broader market volatility. The token dropped over 15% on March 3, aligning with the market-wide downturn as risk assets faced increased pressure.

Shiba Inu’s decline also coincided with a notable drop in open interest (OI), signaling a reset in leveraged positions. However, technical indicators now suggest that SHIB could be nearing a turning point.

A bullish technical pattern has emerged for the Shiba Inu coin, which could help the token paint a reversal. Derivatives data further supports this possibility, as funding rates are positive, suggesting that long positions dominate the futures market.

This suggests traders are positioning for upside, but if funding rates rise too aggressively, it could lead to overleveraging and a potential long squeeze. If bulls sustain momentum at current levels, SHIB could see a sharp recovery.

Whether the pattern confirms a breakout or further downside depends on the strength of incoming volume and market sentiment.

Shiba Inu’s (SHIB) price has struggled to regain footing amid broader market volatility. The token dropped over 15% on March 3, aligning with the market-wide downturn as risk assets faced increased pressure.

SHIB price’s decline also coincided with a notable drop in open interest (OI), signaling a reset in leveraged positions. However, technical indicators now suggest that SHIB could be nearing a turning point.

A bullish technical pattern has emerged for the Shiba Inu coin, which could help the token paint a reversal. Derivatives data further supports this possibility, as funding rates are positive, indicating that long positions are paying a premium to maintain their trades.

This suggests traders are positioning for upside, but if funding rates rise too aggressively, it could lead to overleveraging and a potential long squeeze. If bulls sustain momentum at current levels, SHIB could see a substantial recovery.

However, the pattern's breakout or continuation into further downside depends on the strength of incoming volume and market sentiment.

Shiba Inu’s (SHIB) price has been struggling to regain footing amid broader market volatility. The token dropped over 15% on March 3, aligning with the market-wide downturn as risk assets faced increased pressure.

SHIB price’s decline also coincided with a notable drop in open interest (OI), signaling a reset in leveraged positions. However, technical indicators now suggest that SHIB could be nearing a turning point.

A bullish technical pattern has emerged for the Shiba Inu coin, which could help the token paint a reversal. Derivatives data further supports this possibility, as funding rates are positive, suggesting that long positions are paying a premium to maintain their trades.

This suggests traders are positioning for upside, but if funding rates rise too aggressively, it could lead to overleveraging and a potential long squeeze. If bulls can sustain momentum at current levels, SHIB could see a substantial recovery.

However, the pattern’s breakout or continuation into further downside depends on the strength of incoming volume and market sentiment.

Shiba Inu’s (SHIB) price has struggled to regain footing amid broader market volatility. The token dropped over 15% on March 3, aligning with the market-wide downturn as risk assets faced increased pressure.

SHIB price’s decline also coincided with a notable drop in open interest (OI), signaling a reset in leveraged positions. However, technical indicators now suggest that SHIB could be nearing a turning point.

A bullish technical pattern has emerged for the Shiba Inu coin, which could help the token paint a reversal. Derivatives data further supports this possibility, as funding rates are positive, suggesting that long positions are paying a premium to maintain their trades.

This suggests traders are positioning for upside, but if funding rates rise too aggressively, it could lead to overleveraging and a potential long squeeze. If bulls can sustain momentum at current levels, SHIB could see a substantial recovery.