What happened?
SHIB flipped green at the start of October, rising over 7% and reclaiming a five-month breakout setup that was close to failing. Futures open interest climbed about 10% to roughly $200 million and the long/short ratio is around 1.17, so more traders are betting on upside. Momentum indicators like the RSI and MACD are turning bullish, suggesting buyers are currently in control.
Who does this affect?
Derivatives and short-term traders are most directly affected because rising open interest and bullish positioning make leveraged moves more likely. Long-term SHIB holders could feel more confident if the breakout holds, while rival meme coins may see capital shift depending on relative momentum. Institutional investors and products tied to TradFi stay mostly on the sidelines unless regulatory changes make SHIB eligible for broader listings.
Why does this matter?
If SHIB successfully flips the $0.0000145 resistance into support, it could attract fresh capital and push toward targets like $0.000025 (~90% upside) or even $0.00005 in a very bullish, ETP-driven scenario. The jump in open interest and bullish skew raises the chance of amplified price moves, which means bigger gains but also higher liquidation risk if momentum reverses. Broader narrative gains or SEC-friendly listing changes could shift market flows, pull share from rivals like PEPE, and meaningfully impact the meme‑coin segment.