Gate News message, April 22 — Shiba Inu’s open interest jumped 13.45% in 24 hours, reaching $69.79 million and reflecting 11 trillion SHIB in trader positions. This growth outpaced Bitcoin, whose open interest rose 5% to $59.6 billion, and XRP, which saw a 1.28% increase to $2.64 billion. SHIB price gained nearly 3% over the same period, trading at $0.000006231 and marking a third consecutive daily advance.
Futures inflows reached $8.31 million against outflows of $8.02 million, generating net positive flow of $284,980 and establishing new positions worth 46 billion SHIB. Trading volume surged 14.5% to $101.1 million, with futures volume jumping 98% to $208 million and spot volume climbing 94% to $19.37 million. Spot taker buy volume stood at 51.68%, indicating mild bullish bias, though futures data revealed stronger bearish positioning with taker sell volume at 69% versus 30.9% for buys.
On the technical front, SHIB established support at the 50-day simple moving average of $0.00000589, which it broke through on April 15 and successfully retested. The relative strength index sits at 55, while the MACD indicator turned positive with the MACD line crossing above the signal line. Current projections suggest SHIB could rally beyond 100% to reclaim the $0.000010 psychological level, following a confirmed channel breakout on the daily chart.
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