Shiba Inu (SHIB) social dominance is rebounding since August 16, signaling renewed attention from traders and investors. Paradoxically, Open Interest has declined to approximately $30.1 million, down from levels above $34 million, indicating fewer leveraged positions in the market. SHIB’s price is trading around $0.00000446 with an RSI of 46.3, below the neutral 50 level, reflecting a lack of conviction buying. The funding rate remains positive, showing slight optimism, but this uptick in interest has not translated into new positions. Social buzz is rising, but market confidence is still missing to confirm a bullish move.
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