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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.