Crypto trader SHIB Knight notes that Shiba Inu’s three-hour chart is compressing above key support at $0.00000550. A breakout above the descending trendline could enable a 26% move toward $0.00000720 to $0.00000730. SHIB was trading at $0.00000589, up 3.17% in the last 24 hours. According to Glassnode and CryptoQuant, spot traders are returning to altcoins, with volume nearly four times that of Bitcoin, the highest since September 2025. Since June 2026, Total2, representing altcoin market cap, has absorbed over $371 billion, a 45% increase.
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