Shiba Inu Sniffs a 37% Run: Double Divergences, OI Spike, and a Trump‑Fueled Hopium Hit

The crypto market is still wandering like a lost tourist without a map, but Shiba Inu (SHIB) seems to have woken up from its nap. On TradingView, the dog-themed token is sniffing around $0.00000615, a level that puts it comfortably above both the 23-day and 50-day moving averages—a classic sign it might be done playing dead for now.

Chart degens are drooling over a double bullish divergence on the RSI, where the indicator flashed a buy signal not once, but twice in the past month. This, paired with a breakout above the $0.00000504 range floor, is the technical equivalent of a dog finally catching its own tail. If the price can hold that level on the higher timeframes, the next stop for a bathroom break is near $0.00000662. The real moon mission is the 200-day moving average at roughly $0.00000842, a hop of about 37% from here. Analysts whisper that a close above $0.0000068 before Q1 ends could be the whistle that starts a full-blown buying frenzy.

Recent price action isn't just hopium; it's backed by a decent green candle. After a relief rally on Monday, SHIB sprinted from $0.0000057 to $0.00000621, posting a 6.84% daily gain—its most impressive jump since Valentine's Day 2026, when it rose a heart-fluttering 11.23%. The token now trades near $0.00000610, up a modest 1.36% in the last 24 hours, and is once again sitting pretty above the 50-day MA. Bulls are now eyeing the $0.00000644 zone like a squirrel in the park, while a clean break above the $0.000009 resistance could finally open the path to that elusive tenth of a cent.

Open interest barked up 18% as traders reshuffled their leverage positions faster than a card shark. In the past 24 hours, the crypto casino saw liquidations total $570 million, with shorts getting rekt for $367.05 million and longs taking a $203.57 million haircut. Everyone's now waiting for the upcoming U.S. manufacturing PMI data, hoping for a macroeconomic treat instead of a trick.

On the macro front, a statement from former President Donald Trump about pausing strikes on Iranian energy infrastructure gave the market a sedative. Bitcoin, ever the mood-setter, surged past $71,000, lifting the entire altcoin kennel with it. SHIB’s market cap is now a hefty $3.56 billion, with 24-hour volume up a staggering 99%. On the charts, the token is finishing up an accumulation triangle that's been forming around the 100-day moving average, hinting at a potential impulsive breakout if price can close above the triangle's upper edge. Adding fuel to the fire, whales have been quietly hoarding hundreds of billions of SHIB off-exchange, effectively putting a leash on circulating supply and adding some serious upward pressure.