SHIB Signals Breakout? Bulls Step In! ๐๐
Shiba Inu (SHIB) is showing renewed strength as open interest jumps 8% in just 24 hours, pointing to fresh long positions and rising trader conviction. This surge, led by growing activity on OKX, aligns with a bullish shift in sentiment across both derivatives and spot markets.
Technical Snapshot:
๐ข SHIB holding above key support at $0.0000245
๐ Eyes now on breakout zone near $0.0000265โ$0.0000270
๐น RSI trending upwards, showing momentum buildup
Market Sentiment:
๐ฃ๏ธ Positive chatter on X & Telegram
๐ง Fear & Greed index for meme tokens leans "Greed"
๐ช Funding rates slightly positive = more longs than shorts
This setup suggests bullish continuation is possibleโbut watch for volume confirmation before chasing the move!
