Open interest in Shiba Inu climbed 2.1% over the past 24 hours even as spot 
trading volume fell 18%, sending conflicting signals about where the token is 
headed next. Related Reading: History Shows Bitcoin ETF Outflows Favor 
Accumulation, Says Santiment What The Chart Is Showing SHIB is currently 
trading around $0.0000056, near its historic lows, after dropping 10% in the 
past seven days. That decline brought the token back down to a key support 
zone around $0.0000055 — a level that has cushioned price drops since the 
coin&#8217;s early days in 2021. Despite repeated tests, sellers have not managed to 
push the price into a sustained breakdown below that area. The broader chart 
structure is a contracting descending triangle that has kept a lid on SHIB 
since its 2021 peak. Each time the token tried to recover, it ran into the 
triangle&#8217;s falling upper resistance line and got turned back. That pattern has 
been in place for years, and it remains the dominant force on the weekly 
chart. A Wave Pattern Points To A Possible Turning Point Analyst Aurex 
Finance, writing on TradingView, outlined a completed three-wave corrective 
structure that may signal the end of SHIB&#8217;s long decline. The first wave took 
the price from a March 2024 high of $0.000045 down to $0.000010 by August 
2024. A partial recovery followed, lifting SHIB to $0.000033 in December 2024, 
before a third wave pushed prices back toward the lower edge of the triangle, 
where they sit now. According to the analysis, the three-wave decline appears 
to have ended right on top of a long-term support zone, creating what 
technical analysts call a confluence. That overlap between the wave completion 
and the support level is what leads Aurex Finance to suggest the multi-year 
correction could be in its final stretch. Two Levels Bulls Need To Clear 
Reports from the analysis indicate that any recovery attempt will face two 
clear hurdles. The first is the falling resistance trendline sitting near 
$0.000011. The second is the previous recovery high from late 2024, around 
$0.000033. Related Reading: When Bitcoin Gets Ignored, It Tends To Rally The 
Hardest, Analyst Says Breaking above both levels would represent a meaningful 
shift in market structure and hand momentum back to buyers. Until that 
happens, the long-term picture stays technically weak. The triangle has been 
compressing price action for so long that a breakout — in either direction — 
could produce a sharp move once it finally comes. Featured image from San 
Diego Zoo, chart from TradingView

Open interest in Shiba Inu climbed 2.1% over the past 24 hours even as spot trading volume fell 18%, sending conflicting signals about where the token is headed next. Related Reading: History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment What The Chart Is Showing SHIB is currently trading around $0.0000056, near its historic lows, &#8230;

Bearish Pressure On Shiba Inu May Be Nearing Completion, Weekly Chart Suggests

Bitwise has introduced a new exchange-traded product tied to Canton Network’s 
native token, offering investors regulated exposure to a blockchain platform 
designed for capital markets. Canton Network Attracts Institutional Investors 
Through New Bitwise Crypto Product Bitwise Asset Management has launched a new 
exchange-traded product (ETP) tied to the Canton Network, marking another step 
in the […]

Bitwise has introduced a new exchange-traded product tied to Canton Network’s native token, offering investors regulated exposure to a blockchain platform designed for capital markets. Canton Network Attracts Institutional Investors Through New Bitwise Crypto Product Bitwise Asset Management has launched a new exchange-traded product (ETP) tied to the Canton Network, marking another step in the &#8230;

Bitwise Launches Canton ETP on Deutsche Börse

Vicor&#8217;s revenue guidance boost highlights its growing market share and 
profitability potential, driven by strong demand and lucrative royalties.
The post Vicor raises Q2 2026 revenue guidance to $142M from $126M on stronger 
sales and new royalty income appeared first on Crypto Briefing.

Vicor&#8217;s revenue guidance boost highlights its growing market share and profitability potential, driven by strong demand and lucrative royalties. The post Vicor raises Q2 2026 revenue guidance to $142M from $126M on stronger sales and new royalty income appeared first on Crypto Briefing.

Vicor raises Q2 2026 revenue guidance to $142M from $126M on stronger sales and new royalty income

The escalation risks further destabilizing the region, impacting geopolitical 
alliances and potentially influencing global crypto markets.
The post Israel strikes over 70 Hezbollah sites as Netanyahu orders military 
escalation appeared first on Crypto Briefing.

The escalation risks further destabilizing the region, impacting geopolitical alliances and potentially influencing global crypto markets. The post Israel strikes over 70 Hezbollah sites as Netanyahu orders military escalation appeared first on Crypto Briefing.

Israel strikes over 70 Hezbollah sites as Netanyahu orders military escalation

OKX&#8217;s Exchange OS could revolutionize market deployment by merging CeFi and 
DeFi, enhancing liquidity and token demand while reducing fragmentation.
The post OKX upgrades X Layer with Exchange OS for unified market deployment 
appeared first on Crypto Briefing.

OKX&#8217;s Exchange OS could revolutionize market deployment by merging CeFi and DeFi, enhancing liquidity and token demand while reducing fragmentation. The post OKX upgrades X Layer with Exchange OS for unified market deployment appeared first on Crypto Briefing.

OKX upgrades X Layer with Exchange OS for unified market deployment

Smaller Bitcoin treasury companies bought about $46 million worth of Bitcoin 
below $80,000 last week as the largest corporate holder paused its weekly 
buys.

Smaller Bitcoin treasury companies bought about $46 million worth of Bitcoin below $80,000 last week as the largest corporate holder paused its weekly buys.

Bearish Pressure On Shiba Inu May Be Nearing Completion, Weekly Chart Suggests

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