Shiba Inu Shows Price Rally Potential as Open Interest Surges 1.89%
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Price Movement Analysis: Shiba Inu's price fluctuated from a low of $0.000008499 to a high of $0.00008827 in the past 24 hours, currently trading at $0.00000864, reflecting optimistic market sentiment about its rally potential, which could attract more investors.
- Rising Trading Interest: According to CoinGlass data, open interest in Shiba Inu surged by 1.89% over the last 24 hours, reaching a total value of $109.75 million, indicating renewed investor confidence that may drive prices higher.
- Concentration of Trading Platforms: Gate exchange leads with 41.25% of open interest valued at $48.28 million, demonstrating strong interest from both institutional and retail investors in Shiba Inu, potentially providing support for future price increases.
- Technical Indicators Support: Bollinger Bands indicate that Shiba Inu's price is trading above slightly depressed upper bands, and if buying pressure continues, breaking through the psychological barrier of $0.00001 could trigger additional reactions from traders, further driving prices upward.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
