Overview
- SHIB traded near $0.000010 on Nov. 10 after retaking $0.00000998, with price roughly 4% below the $0.00001050 level flagged as key resistance.
- Technicals show a potential trend break, with confirmation sought from a 4‑hour close over $0.00001050 or sustained trade above the 200‑EMA near $0.00001029; RSI sits around 58, MACD is positive, and short EMAs have turned bullish.
- Futures positioning has grown, with SHIB open interest near $72.99 million in the past 24 hours, alongside increases for DOGE and PEPE, according to CoinGlass.
- Near‑term targets discussed include $0.000011–$0.00001175, with further objectives around $0.00001213–$0.00001298 if upside momentum continues.
- Macro tone supports risk assets, with coverage citing hopes for a U.S. government shutdown resolution plus reports of roughly $1 trillion in returning liquidity that have lifted memecoins.