Shiba Inu is conducting a delicate dance just north of the mythical $0.0000062 mark, while the eternal tug-of-war between bears and bulls continues with the grace of two spacefaring penguins bickering over a marmalade sandwich. The broader crypto market is performing a rather uneven ballet on Saturday, with most assets currently flirting with the color red and wondering if this is what it feels like to be a soap opera without the good-looking people.
Shiba Inu slipped 1.45% in the last 24 hours to $0.000006273. The Federal Reserve’s decision on Wednesday to keep the federal funds rate steady seems to be weighing on the market, like a rather serious librarian shushing a riotous youth. CoinGlass data shows about $125 million in 24-hour liquidations across the crypto market, with the majority of this figure being long positions betting that prices would rise, which is a bold plan if one has a mortgage and a coffee addiction.
In the case of Shiba Inu, liquidity remains as subdued as a karaoke bar at dawn as traders exit positions. In recent hours, long and short liquidations came to $0, which is either a miracle or the market having a very peculiar nap.
CLARITY Act Finalized: What It Means for Crypto
XRP‘s Mini-Death Cross Hints at Dive Down, Shiba Inu (SHIB) Breakout Looks Bleak, Is Ethereum‘s (ETH) $2,000 Saved? Crypto Market Review
Meanwhile, Shiba Inu open interest has dropped 6.74% to $60.81 million in the last 24 hours. Shiba Inu’s trading volume in the derivatives market has similarly declined by nearly 48% to $79 million in this timeframe. This suggests that positions are being closed and capital is tiptoeing out of the market, a most polite form of risk aversion.
SHIB price
The recent price drop caught Shiba Inu long traders expecting prices to rise off guard, like a nurse catching a consenting spreadsheet in a thunderstorm. Long liquidations for Shiba Inu came to $40,230, accounting for nearly all of the liquidations in the last 24 hours ($40,940), while shorts only reached $713.27.
Shiba Inu rose for four straight days from April 28; however, negative funding rates in the market indicate that traders are still shorting any rallies, effectively cutting short any potential rise with the efficiency of a door-to-door salesman selling apologies.
SHIB’s price increase faces a barrier at the April 29 high of $0.00000659, while Shiba Inu aims to convert the $0.000006 level (the daily MA 50) into support, which is a sentence that reads like a weather forecast and a treasure map had a child and named it “Support.”
Earlier this week, the Fed voted to keep the benchmark federal funds rate on hold between 3.50% and 3.75%. The personal consumption expenditures price index, the Federal Reserve’s preferred measure of inflation in the economy, rose 0.7% in March, according to a Thursday release. The universe, it seems, remains uncertain whether it’s inflation or a clever mirror that’s just reflecting our expectations.
Read More
- Brent Oil Forecast
- Silver Rate Forecast
- Gold Rate Forecast
- ETH PREDICTION. ETH cryptocurrency
- USD PHP PREDICTION
- EUR AUD PREDICTION
- Ripples of Praise: CEO Throws a Toilet Bowl at SEC Chair – You Won’t Believe Why!
- Israel’s Markets Soar Amid War – What’s the Secret?
- Morgan Stanley’s Bitcoin ETF: Wall Street’s New Gamble
- OpenSea’s CTO Dishes on the Future Beyond NFTs: A Dash of DeFi and a Pinch of AI 🌟
2026-05-02 18:06