SHIB Forms Higher Lows as Breakout Watch Intensifies

Successive higher lows suggest buyers are defending elevated support, although resistance must break before bullish momentum receives confirmation. Derivatives volume advanced by 26.07% to $27.61 million with open interest growing to $62.09 million as trading activity resumed. Short liquidations reached $30.51K over 24 hours, exceeding long liquidations as traders navigated changing market conditions. SHIB is showing early signs of recovery as higher lows develop during consolidation, while derivatives data reveals increased participation and competing market positions. Higher Lows Offer an Early Sign of Recovery $SHIB KNIGHT recently described several days of consolidation marked by consistently rising lows.

Source: Crypto Front News