SHIB's price rose by 3.93% to $0.000007952, ending a four-day decline and resulting in $57,200 in liquidations, with 80% being short positions. This price movement coincided with a 5% increase in open interest, reaching $78.57 million, indicating heightened market activity. Analysts are closely watching to determine if this rebound marks a sustained uptrend or a temporary recovery, with key support and resistance levels identified at $0.000006–$0.000007 and $0.00000991–$0.00001024, respectively.