Shiba Inu (SHIB) is under pressure, trading at $0.000006216, down 4.7% in the past 24 hours. The cryptocurrency is struggling below the middle Bollinger Band resistance at $0.00000638, with a 24-hour range of $0.000006218 to $0.000006525. Despite a 2.5% gain over the last 7 days, SHIB has declined 21.8% over 30 days, indicating persistent bearish pressure. The daily chart shows SHIB trading below the middle Bollinger Band, with the lower band at $0.00000569 acting as immediate support. A breakdown could lead to deeper support near $0.0000051, while reclaiming the middle band could signal recovery. Open interest remains subdued at $72 million, reflecting cautious sentiment among traders. A rise in open interest alongside price gains would indicate renewed bullish momentum.