The continuous rise in lows suggests that bulls are attempting to defend key support levels. However, a breakthrough through resistance is necessary to confirm bullish momentum.
The volume of derivatives transactions increased by 26.07% over the past day, reaching $27.61 million. The amount of open positions also increased to $62.09 million, indicating a return to normal trading activity. Within 24 hours, the volume of selling orders reached $30.51 thousand, exceeding the volume of buying orders. This indicates that traders are responding to the changing market conditions.
SHIB has seen consecutive rises in lows during its consolidation period, indicating signs of initial recovery. Derivative data also shows an increase in market participation and competition between bulls and bears.
The rises in lows provide early signals of recovery.

$SHIB KNIGHT recently noted that the recent consolidation was characterized by continuous rises in lows. The account believes that if bulls maintain control, this pattern could indicate the start of a breakout trend. However, the market has not yet confirmed this expectation with a decisive breakthrough through resistance levels.
Recent price movements have pushed the market towards around $0.0000060, but then encountered resistance. Although buyers continued to enter the market at higher levels, this indicates that selling pressure has weakened during recent declines.
Early support levels were around $0.0000043, followed by lows near $0.0000047. A significant low at $0.0000051 occurred, and the upward trend continued. These levels are important for assessing the integrity of the current technical structure.
最新的日内图表显示出较为谨慎的前景。代币一度攀升至约0.000005525美元,随后回落至0.000005408美元。这一反转表明,尽管前期有所复苏且支撑模式改善,卖家依然活跃。
衍生品数据揭示市场立场分歧
随着技术结构的逐步发展,交易活动也在增加。报告的24小时衍生品交易量上升了26.07%,达到2761万美元。未平仓合约数量也随之增加,未平仓兴趣额上升1.95%至6209万美元。
这些数据的增长显示了市场参与度的提高,但这并不能证明谁在当前市场中占据优势。未平仓兴趣的增加可能源于新多头和新空头的入场。需要更多的价格行为来确定这些活动的方向。
整体24小时多空比为0.8744,表明空头仓位相对较轻。与此同时,OKX平台的多空比为2.74。这种截然不同的读数表明,不同交易所和交易者群体之间的持仓策略存在差异。
清算数据提供了观察近期市场压力的另一个视角。24小时内总清算额达到4.309万美元,其中空头清算额为3.051万美元,多头清算额占剩余的1.258万美元。
阻力位将决定下一步方向
Historical data shows that there were several instances of sharp spikes during periods of high volatility. Notable events occurred in early June, late July, and from August 20th to 21st. These incidents illustrate how price fluctuations can lead to forced liquidations of leveraged positions.
When prices rise suddenly, short-side liquidations may increase buying pressure. However, the reported data does not indicate any long-term bearish trends. If demand continues to exist, the market could continue to develop after these forced liquidations are completed.
Indeed, the technical range between $0.0000057 and $0.0000060 is crucial. If there have been previous trading peaks, then current prices are below this range. If bulls can break through this level again, it would provide further confirmation for a new round of bullish momentum.
The support level at $0.0000051 also deserves attention, as it forms part of a recent “rising high” technical pattern. If this level is broken, it could put pressure on the current structure. Further declines might make $0.0000050 and $0.0000047 become key targets for attention.
Currently, the market is showing two different signals, rather than a clear shift in direction. An increase in participants and a gradual rise in lows suggest better prospects for recovery; however, recent selling actions indicate that resistance still exists. Bulls’ defense of support levels and any breakthroughs in supply above those levels will be crucial next.

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