Shiba Inu Open Interest Rebounds to $87.19 Million as SHIB Price and Volume Slide

According to CoinGlass data, Shiba Inu open interest rose 0.45% in the last 24 hours to $87.19 million, even as the token's price and trading activity declined. SHIB was trading at $0.00000786, down 0.51% daily and 6.06% over the week, while CoinMarketCap figures showed spot volume dropping 27.87% to $82.26 million. With leverage reportedly being flushed out and key resistance near $0.000008 holding since Jan. 14, traders appear to be reassessing the next move for the meme coin.