TopNotchYJ2026-01-05

Buying pressure alert: a promising opportunity for Shiba Inu to make a strong comeback

Following Dogecoin, Shiba Inu is the second-largest memecoin, boasting a market cap of over $5 billion. The price of SHIB has increased by more than 25% in the past seven days and is currently maintaining a strong demand area between $0.00000630 and $0.00000800. From January 2025 to January 2026, the price may have experienced a decline of over 70%. However, the exchenge reserve has reduced from 140 trillion to 82 trillion tokens. This reduction indicates that the consistent burning of tokens, alongside accumulation by smart money, has contributed to this decline which is an optimistic sign. Currently, the price levels are at historical support points, suggesting that a price increase from this point forward is a strong possibility, similar to past bounces. Additionally, there has been a slight increase in transaction counts and active addresses, too. On the derivatives front, trader interest is rising as well. In the past five days, SHIB's derivatives volume has exceeded $1.8 billion, with the latest intraday volume reaching $490 million on January 5, 2026. The intraday open interest stands at $126 million, reflecting over 50% growth since December 30, 2025.