Shiba Inu Open Interest Falls 5% as SHIB Price Rebounds and Trading Volume Climbs

In the last 24 hours, Shiba Inu's open interest reportedly declined by 5% to 9.9 trillion SHIB worth $62.79 million, even as the token staged a modest price rebound. Over the same period, SHIB's price rose from $0.000006066 to a high of $0.000006486, with trading volume jumping 36.5% to $141.48 million. Market participants remain cautious as the meme coin struggles below its 26-day EMA and continues to print lower highs and lower lows.