Shiba Inu's value is now down by about 35% on a yearly basis, with the meme coin trading around $0.000006 as of early April 2026, a far cry from the $0.00000923 range it touched in early January. The meme coin has spent the past three months on an extended decline, which has continued into the recent weekend.
Shiba Inu holds $0.000006 support as 69% of Binance top traders go long, signaling rising risk appetite and a potential move toward $0.000008.
Amid April's return of risk appetite to the crypto market — at least judging by the start of the week — Shiba Inu has once again attracted the attention of large players. According to data from Binance, there has been a sharp surge in optimism, with 69% of top traders — accounts holding the largest balances on the exchange — maintaining long positions on SHIB.
Shiba Inu price rises 4% as open interest hits 8.7 trillion SHIB and trading volume jumps 38%, signaling growing market momentum.
Shiba Inu is back in demand after multiple days of seeing massive amounts of SHIB tokens exit exchanges amid rising selling pressure.
Shiba Inu completed death cross signals on its short-term charts; notably, these were on the one-hour, two-hour and three-hour charts. The 50 MA across these price charts crossed below the 200 MA, indicating a death cross.
Despite a generally weak market structure, Shiba Inu is beginning to stabilize, and recent on-chain data helps explain why. Exchange netflows decreased by about 82.67 billion SHIB over the past day, suggesting a substantial withdrawal of tokens from trading platforms.
The upgraded Shibburn portal has revealed a fresh list of top Shiba Inu burners over the past 24 hours. Some names on this list raise eyebrows, being some of the largest cryptocurrency trading venues in the crypto space.
Shibarium, the Shiba Inu Layer-2 blockchain, recently had a major infrastructure update and a full reindexing of its backend systems.
Shiba Inu slipped below a support zone tied to 213B SHIB, with weak rebound attempts and outflows signaling mounting bearish pressure.
Market data indicates that more than 213 billion SHIB have moved in a way that supports bearish pressure rather than recovery, indicating that Shiba Inu has lost a crucial support level. The asset is currently trading close to the $0.0000058 range, falling below a previously reputable short-term support zone that had been sustaining recent consolidation.
SHIB shows neutral RSI at 46.66 with bearish MACD momentum. Technical indicators suggest consolidation phase with limited price discovery capability due to compressed trading ranges.