Shiba Inu Struggles Amid Liquidation Surge: Is a Price Rebound Still Possible?

Updated

January 9, 2026

Gambar Shiba Inu Struggles Amid Liquidation Surge: Is a Price Rebound Still Possible?

Jakarta, Pintu News – The crypto market experienced a downward trend on January 8, led by Bitcoin which fell close to the $90,000 level. As a result, a number of altcoins and meme coins lost the gains made in early January and are now back to testing their weekly support lines.

Shiba Inu , one of the most popular meme coins, is losing support from buyers as long positions have been liquidated in the last few hours. Now, traders are questioning whether the SHIB price still has a chance to bounce back, amid a worrying drop in on-chain data.

Shiba Inu’s Open Interest Falls Sharply

Crypto prices are on the decline again, with most altcoins trading in the red. The recovery rally that took place in early January has now begun to slow down, although general market conditions are still positive due to increased expectations that the Federal Reserve will cut interest rates.

Shiba Inu was also affected by this downward trend. The SHIB price and a number of other key indicators fell in line with the overall market weakness. Data from Coinglass shows that in the last 24 hours, the SHIB price saw $352,000 worth of liquidations, of which around $302,000 came from long positions that were forced closed.

Shiba Inu’s bearish trend could deepen as various important metrics start to show negative signals. One of them is the SHIB burn metric, which experienced a significant drop in the daily time frame.

As of January 8, SHIB’s burn rate fell by 23.8%. In addition, interest from whale investors in SHIB also continued to wane.

According to data from Santiment, SHIB takes the bottom spot in terms of whale transaction growth, recording only a 110% increase for transfers worth more than $100,000 – a relatively low figure compared to other coins.

Furthermore, SHIB’s open interest (OI) also showed a downward trend. Coinglass noted that SHIB’s OI dropped from its peak of $145 million to a new low of around $118 million. This indicates a decrease in volatility as fewer traders open positions on SHIB.

At the beginning of 2026, SHIB’s open interest had risen by about 20% – just before SHIB’s price spiked by about 35%. Now, with OI declining again, traders are closely watching where the Shiba Inu price will go next.

Next Directions for SHIB Price

Shiba Inu is currently facing selling pressure after losing the support level at $0.00000888. However, this drop could potentially find new support around the moving average, which is around $0.0000085. As of January 8, SHIB was trading at $0.00000872, down more than 2% in 24 hours.

Currently, buyers are starting to show support, signaled by a slight increase in price from its latest low. The buyers are now trying to keep the price above the EMA (Exponential Moving Average) trend line to keep the recovery rally going.

If the price manages to hold above the EMA-20 trendline, it could indicate that buyers are starting to step in as the price weakens, potentially pushing SHIB through $0.00001 and even towards $0.0000112.

However, if SHIB gets stuck at the resistance level again and drops below the moving average, it will be a signal that the selling pressure is still continuing. In this scenario, the price of SHIB could drop to around $0.0000085, and if the pressure continues, it could drop to $0.0000077.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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