SHIB Tests Key Support as Short Activity Cools

SHIB remains within a narrowing structure, with $0.0000052 serving as an important support area during the latest recovery phase. Daily short-selling has declined sharply since July, although outstanding short positions have climbed above 11 million. Ecosystem development now centers on converting strong community recognition into recurring usage, liquidity, and activity across products. SHIB is testing a narrowing structure as buyers…