Shiba Inu (SHIB) is under pressure to maintain its position above the $0.00000825 support level, marked by the middle Bollinger Band, to reverse its current downtrend. Over the past 24 hours, SHIB has declined by 2.3%, trading between $0.000008497 and $0.00000899, with moderate volatility. The cryptocurrency has retraced from its recent peak of $0.0000091, seen on January 13. In broader market performance, SHIB has underperformed against Bitcoin and Ethereum, falling 3.6% and 2.1% respectively over the same period. Despite this, traders are closely monitoring SHIB's ability to hold above the key support level, which could lead to a potential bounce and test of the upper Bollinger Band at $0.00000971. Meanwhile, open interest in SHIB has declined, indicating reduced speculative activity and confidence in the continuation of the uptrend.