Shiba Inu is testing the middle Bollinger Band support, with a recovery in open interest, signaling potential bullish momentum if the price holds.
The Shiba Inu (SHIB) price daily chart shows notable price action, with the price moving between a daily low of $0.000007694 and a high of $0.000008127. The coin has witnessed a decline of 0.7% within the last 24 hours, signaling a brief period of downward momentum.
The chart’s overall pattern indicates a peak followed by a steady pullback, creating a downward slope for the coin in the short term. This has led to a reduction in price, which now hovers around $0.000007909.
In terms of longer-term performance, Shiba Inu has shown resilience, experiencing a 10.3% increase in the last 30 days, despite some setbacks within the past week and 14 days, where it declined by 7.5% and 9.6%, respectively. Amid these setbacks, where could Shiba Inu head next?
Shiba Inu Price Prediction
The Shiba Inu price chart from TradingView shows SHIB is currently testing the middle Bollinger Band to the downside, sitting at approximately $0.00000792. Notably, for bullish momentum to return, it is crucial for SHIB to close above this middle band and remain supported at this level.
If the price fails to break above the middle band, there may be a continued downtrend, possibly testing lower levels, including the lower band at $0.00000772.
In terms of volatility, the Standard Deviation is relatively low and still declining, indicating that volatility is declining and stabilization could be imminent. If SHIB manages to stabilize and close above the middle band, there could be potential for a bounce back toward the upper band near $0.0000081.
However, if the price remains or closes below the middle Bollinger Band, it could signal further weakness in the short term, testing the lower band and liquidity zones around $0.0000075.
Shiba Inu Open Interest
Meanwhile, data from CoinGlass shows the recent Shiba Inu price behavior in relation to its open interest. Throughout much of the past few weeks, SHIB’s open interest had been relatively flat, spending most of the time below the $100 million mark. During this period, SHIB’s price action was generally reflective of the fluctuations in open interest.
However, after peaking at around $145M and declining to $82.25, a positive shift has started to emerge. The open interest has begun to recover and is now sitting at approximately $87.26 million as of January 22, 2026.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
