# Shiba Inu Gains Momentum as Trading Volume and Open Interest Surge

> Shiba Inu has crossed above $0.0000060 backed by rising trading volumes, positive derivative funding rates, and key technical breakouts across the crypto market.

**Type:** article · **Category:** Crypto · **Published:** 2026-09-22 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crypto/shiba-inu-men-teji-ke-snketa-takaniki-stara-aura-derivetivsa-bajara-men-dikha-uchhala-36196 · **Language:** English
**Tags:** Shiba Inu, Cryptocurrency, Bitcoin, Ethereum, Derivatives, Altcoins, finance

Shiba Inu is witnessing renewed buying momentum across cryptocurrency spot and derivatives markets, pushing the token above $0.0000060 on Tuesday following an impressive advance of more than 10% in the preceding session. The positive price movement is being underpinned by a concurrent expansion in daily trading volume, an increase in open interest, and funding rates flipping in favor of aggressive buyers. Technical indicators reflect that momentum remains in the hands of market bulls, setting up conditions for a potential continuation of the current rally.

## Derivatives Metrics Point to Bullish Conviction
Market positioning in perpetual futures reveals a clear shift in sentiment toward the meme coin. On September 16, the funding rate for SHIB flipped positive and reached 0.0099% on Tuesday. In derivatives trading, a positive funding rate indicates that long position holders are paying fees to short position holders, an arrangement that typically signals dominant bullish sentiment across the market. Coupled with rising trading activity and expanding open interest, the data highlights that traders are injecting fresh liquidity rather than simply closing out historical positions.

## Technical Structure and the 200-Day EMA Breakout
Price action recorded a substantial structural achievement on Monday when the asset surged over 10% to secure a daily close above its 200-day Exponential Moving Average (EMA), located at $0.0000056. By Tuesday, SHIB extended those gains toward $0.0000062, positioning the token right against a key descending trendline zone.

If market participants manage to trigger a decisive breakout and daily close above this descending trendline threshold around $0.0000063, the upward move could gain further momentum toward the next significant resistance boundary positioned at $0.0000068. Conversely, if sellers reassert control and an intraday pullback develops, the 200-day EMA at $0.0000056 represents the initial downside support cushion that buyers would need to defend.

## RSI and MACD Confirm Strengthening Trend
Oscillators and momentum gauges continue to validate the ongoing recovery. The Relative Strength Index (RSI) is advancing upward toward the overbought threshold of 70, reflecting sustained buying pressure without yet signaling terminal exhaustion. Simultaneously, the Moving Average Convergence Divergence (MACD) indicator registered a bullish crossover on Saturday that remains entirely intact. The accompanying green histogram bars are expanding in height, presenting visual confirmation that bullish control remains active across short-term timeframes.

## Pepe Sees Short Squeeze While Broader Meme Coins Move
The broader meme coin landscape has experienced heightened volatility alongside Shiba Inu. Pepe surged nearly 30% over the last 24 hours, standing out as one of the top gainers across the digital asset ecosystem. Derivatives market data revealed that a short squeeze exceeding $2 million unfolded during the same timeframe, forcing bearish speculators to liquidate their positions and buy back tokens. Technical indicators for PEPE demonstrate strengthening momentum and an ongoing upside bias.

## Market Context: Bitcoin, Ethereum, and Large-Cap Altcoins
Broader market conditions have provided a constructive backdrop for altcoins. Bitcoin remains well-supported above $85,000, bolstered by steady institutional capital inflows, Strategy executing its first direct BTC acquisition since August, and alternative regulatory paths unfolding after the CLARITY Act failed to advance. In parallel, artificial intelligence themed tokens such as Bittensor (TAO) and FET emerged among the top-performing assets over the past 24 hours.

Payments-focused tokens Ripple (XRP) and Stellar (XLM) stabilized after posting gains of nearly 9% at the onset of the trading week. While momentum indicators continue to support further upside for both assets, mixed signals across derivatives platforms suggest traders are proceeding with a degree of caution to verify whether the recent upswing can be maintained.

Ethereum demonstrated resilient dip-buying behavior by climbing above $2,700 on Monday. The second-largest cryptocurrency had slid below $2,400 during the previous week as negative sentiment swept the sector following the CLARITY Act's stagnation in the Senate and interest rate hikes implemented by the Federal Reserve. However, long-term holders actively defended Ethereum's on-chain realized price, which represents the aggregate network cost basis situated at $2,310, enabling the asset to rebound aggressively above $2,700.

## What this means for you
The technical breakout and rising open interest across digital assets have direct implications for retail portfolio management and risk allocation.

- **For Crypto Traders:** Crossing above the 200-day EMA establishes an immediate short-term bullish floor. Market participants should monitor whether the token can decisively clear resistance at $0.0000063 or retest support near $0.0000056.
- **For Derivatives Positions:** Positive funding rates require long contract holders to pay ongoing fees to shorts. High leverage should be managed carefully against sudden intraday volatility spikes.
- **For Altcoin Portfolios:** Sustained strength in Bitcoin above $85,000 and Ethereum defending $2,700 provides broader market stability. This dynamic helps maintain liquidity across speculative meme tokens and AI coins.
- **For Risk Management:** Momentum gauges nearing the 70 overbought threshold signal that buying pressure is elevated. Entering fresh long positions at current resistance zones carries elevated correction risks.

## Why this happened
The upward momentum across Shiba Inu and neighboring digital assets stems from technical resistance breakouts combined with supportive on-chain and derivatives data.

- **Technical EMA Clearance:** Surging past the 200-day Exponential Moving Average generated technical confirmation for trend-following buyers. This price action triggered systematic accumulation above key chart levels.
- **Positive Funding Rate Shift:** Funding rates transitioning into positive territory since September 16 highlighted that leveraged traders were willing to pay a premium to hold long exposure. This structural change fueled upward spot momentum.
- **Support Across Major Cryptos:** Robust defense of Ethereum's realized price at $2,310 alongside Bitcoin holding firm above $85,000 prevented systemic selling across the broader altcoin sector.

## Questions & Answers

### 1. How much has Shiba Inu gained recently?
Shiba Inu surged by more than 10% in a single day, pushing its price above $0.0000060 on Tuesday.

### 2. What key technical levels should traders watch for SHIB?
Key resistance stands at the descending trendline near $0.0000063 and $0.0000068, while the 200-day EMA at $0.0000056 serves as primary support.

### 3. What does the current derivatives funding rate signify?
The funding rate turned positive on September 16 and stood at 0.0099% on Tuesday, showing that long traders are paying shorts amidst bullish sentiment.

### 4. How are major assets like Bitcoin and Ethereum performing?
Bitcoin is holding above $85,000, while Ethereum recovered from sub-$2,400 lows to trade above $2,700 after defending its $2,310 realized price.

### 5. What caused the sharp move in Pepe token?
Pepe gained nearly 30% within 24 hours driven by a derivatives short squeeze exceeding $2 million.

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