SHIB Surges 10% as Derivatives Volume Explodes
Shiba Inu (SHIB)
Editor:
Eugene Serbin
cryptonewsland.com reports that Shiba Inu has climbed nearly 10% in 24 hours, pushing the token toward $0.000006. Buyers have reclaimed the weekly support band between $0.00000503 and $0.00000530, a zone where they traded for much of the summer. The token now faces a major descending trendline near $0.0000063, which has rejected multiple recovery attempts since May.
A daily close above this resistance would mark a significant technical development, while the token remains above all four major daily exponential moving averages. Burn activity provides a different picture, with volume surging to 70 million tokens around September 19 before dropping by approximately 97.48%. This decline suggests that burns are not driving the latest price increase.
Instead, SHIB appears to be following broader meme coin momentum, as PEPE gained more than 25% and Dogecoin posted double-digit gains. Derivatives activity has surged alongside the price move, signaling stronger trader participation. However, this elevated activity can amplify volatility during rapid price movements.
Bulls need continued demand beyond leveraged markets to maintain control. The next few sessions will determine whether the bulls can clear the $0.0000063 resistance or if the price falls back to support.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 23 September 2026. Not the outlet's figures.
SHIB is currently trading at $0.000006110 on Binance spot markets. The 24-hour buy ratio stands at 51.5%, indicating that buying pressure has slightly outweighed selling pressure over the full day. In contrast, the 1-hour buy ratio is 44.8% and the 4-hour ratio is 46.9%, suggesting that immediate buying momentum is weaker than the daily average. The 24-hour volume delta is positive at +$490,917, showing net accumulation over the longer timeframe. However, the 1-hour and 4-hour volume deltas are negative at -$30,102 and -$82,975 respectively, indicating recent selling pressure. CVD for the 24-hour close is -$205,565, which reflects the net volume of market orders. Spot volume for the period is $15,471,211 across 94,906 trades.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
This trading activity follows a week where the coin saw a 23.4% price increase over 8 days. The 24-hour volume is 2.36 times the weekly average, marking an unusually high level of activity compared to the preceding week. While the 24-hour buy ratio is only 1.5 points above the 7-day average of 50.0%, the volume surge is the primary differentiator. Net buying occurred on 4 of the last 7 days, with a total volume delta of +$1,005,016 for the period. This indicates that while the current day is not exceptionally bullish in terms of ratio, it is significantly more active than usual.