$SHIB
🚨 SHIB coin Price Today 🚨
SHIB price chart shows a waning action today, down nearly 1% to $0.00001347. Besides, even the weekly price chart shows a 4% dip despite the massive SHIB burn rate surge recorded over the past seven days.
Crypto market traders are now left scratching their heads as price metrics have shown a contrary movement. However, the monthly chart shows a 9% upswing in value, keeping investors hopeful.
Even Coinglass data added to this hope, underscoring strong market interest in the asset. The meme coin’s futures open interest rested at $181.82 million, up from $96 million as of April beginning. Moreover, even the derivatives market volume surged 13% today, reaching $132 million.
When coupled with the recent Shiba Inu burn rate surge, these metrics fuel sentiments of a bullish breakout looming for the token.