Shiba Inu Open Interest Jumps 8%: Is a Major Price Move Imminent?
Shiba Inu (SHIB) has recently captured traders’ attention with an 8% surge in Open Interest, sparking speculation about a potential price movement. However, while the increase in speculative activity initially hinted at bullish momentum, deeper technical analysis reveals a more cautious picture.A Last week, SHIB briefly broke out of a lower timeframe channel, offering a…