#Shibalnu

The Shiba Inu (Shiba Inu) cryptocurrency shows renewed strength after its price unexpectedly rose by 3%, indicating that the recent recovery is gaining more momentum; the increase in activity in the futures market and positive technical signals also support this recovery.

Despite the unfavorable conditions resulting from large holders transferring significant amounts of the currency to exchanges, investor sentiment appears to be continuously improving. The meme coin's price has surpassed the 23.6% Fibonacci retracement level after declining during May and June, achieving gains of 5.4% over the course of seven days.

On the other hand, investor interest in the derivatives market is increasing, as open futures for Shiba Inu on the Binance platform have exceeded 7 million Shiba Inu coins for the first time since May 23, according to data from Velo.

This rise, accompanied by positive funding rates, suggests that traders are increasingly betting on the continued rise in prices.