SHIB Price Stabilizes as Utility Expands Through Unity Nodes Partnership

• Shiba Inu trades tightly as buyers defend key Fibonacci support near $0.00000970
• Open interest decline shows reduced speculation as traders await clear direction
• Unity Nodes partnership boosts SHIB’s real-world utility and ecosystem expansion

Shiba Inu continues to trade inside a narrow band as the market evaluates its next direction while new ecosystem developments begin to take shape. Price is holding just above the $0.00000970 zone, a level that aligns with a mid-range structure and an important Fibonacci pocket. Traders are watching this area closely because it has guided recent reactions each time price drifted lower. 

Buyers Defend a Tight Price Range

Shiba Inu’s chart shows steady compression as price moves between short-term support near $0.00000970 and resistance around $0.00001000. This lower zone sits near the 38.2% to 50% retracement band, making it an important point for buyers. A clean drop below this area may open a path toward the next support at $0.00000943. 

Deeper move could reach $0.00000826, which previously triggered a strong reaction. However, a decisive bounce above the $0.00001000 range may target the 0.618 retracement at $0.00001043. That level remains the key barrier for any meaningful recovery.

Additionally, the 78.6% retracement near $0.00001169 stands as the next major ceiling. Price struggled to clear that region during past attempts. Hence, traders continue to focus on the current compression, which often precedes stronger moves.

Open Interest and Spot Flows Show Caution

Shiba Inu’s open interest sits well below mid-year highs. The current reading near $70 million shows a significant drop from the $150 million peak. The trend indicates softer speculative positioning. Consequently, traders remain cautious while waiting for clearer signals. 

The spot flow data supports that view. Outflows dominated throughout the year, especially during late January and mid-May. Netflows improved slightly this week, yet the broader pattern remains negative.

Moreover, burn activity shows mixed momentum. Around 895,279 tokens burned in the past hour and about 1 million over 24 hours. However, weekly burns exceeded 813 million, reflecting larger community activity.

New Partnership Expands Ecosystem Utility

Shiba Inu’s integration with Unity Nodes adds a new utility layer. Users can buy Nodes with SHIB and earn rewards. They can also obtain SHIB-branded NFT licenses through the platform. 

Besides, the mobile edge network model aims to link crypto with global data systems. The community reacted positively, noting that the added utility supports broader adoption.

Technical Context for Shiba Inu Price

Shiba Inu continues to trade within a tightening structure, with price action shaping a clear set of key levels for traders. The token currently moves inside a narrowing channel, creating a setup where any breakout could trigger a sharp expansion in volatility. 

On the upside, SHIB faces hurdles at $0.00000990, $0.00001043, and $0.00001169, which align with the short-term resistance band and major Fibonacci checkpoints. A strong push through these areas may shift momentum toward the broader recovery zone and signal the start of a more sustainable trend.

On the downside, the immediate support sits near $0.00000970, followed by deeper cushions at $0.00000943 and $0.00000826. These levels form the lower boundary of the current range and represent the zones buyers must protect to avoid a broader retracement. Moreover, the confluence of moving averages and mid-range Fib levels adds weight to this region, making it a decisive area for short-term stability.

The broader structure suggests that SHIB is compressing inside a multi-week wedge that continues to narrow. Historically, this pattern leads to a stronger move once price escapes the boundaries. Hence, traders watch how long the market maintains its footing above support before attempting another challenge of the upper band.

Related: Shiba Inu Price Prediction: SHIB Risks New Lows if $0.00000930 Support Breaks

Is Shiba Inu Preparing for a Move?

Shiba Inu’s next phase depends on whether buyers can sustain demand around the mid-range pocket long enough to reclaim the resistance cluster. A breakout above the $0.00000990–$0.00001043 zone could shift sentiment and open a path toward higher Fib targets. Additionally, any improvement in inflows or open interest may strengthen the bullish case.

However, losing the $0.00000970 level risks exposing SHIB to earlier reaction zones, where momentum may weaken and extend the consolidation.

For now, Shiba Inu sits at an important point in its structure. The range continues to tighten, seasonality favors increased volatility, and technical compression hints at a decisive direction ahead. Traders now look for confirmation signals that will determine whether SHIB attempts an upside continuation or revisits deeper supports.

Related: Shiba Inu Price Prediction: Bulls Try Again But EMA Wall Still Stops Breakout Attempts