Shiba Inu Price Retreats Amid Broader Market Weakness and Falling Open Interest.

Shiba Inu's price has retreated to $0.000005 amidst weak market sentiment and falling open interest. The meme coin fell 2.67% in 24 hours, while open interest dropped 5.53% to $58.72 million. The pullback reflects a broader retreat across the digital asset market, mirroring pressure in equity markets. Key technical barriers for SHIB include resistance at $0.00000733 and $0.00000968, with support at $0.00000590 and $0.00000575. Despite short-term price pressure, the Shiba Inu ecosystem is advancing, with the Shibarium hack prompting a structural review and the launch of the Shiba Inu SOU program.