Key Points
- Shiba Inu dropped 1.85% in the last 24 hours, lagging behind the broader crypto market’s modest 0.45% decline.
- On-chain activity nearly vanished on November 30, 2025, with negligible exchange flows, transfers, and token burns.
- Futures market open interest collapsed by 16.74%, erasing $214 million in leveraged positions—the sharpest contraction since August 2025.
- Technical indicators show SHIB stuck beneath key moving averages and Fibonacci resistance, with mixed but predominantly bearish signals.
- Year-to-date, SHIB has lost 68.65% of its value, significantly underperforming peers like Dogecoin and Floki.
Section 1: On-Chain Stagnation Signals Apathy
Shiba Inu’s blockchain activity reached a near standstill on November 30, 2025. Exchange inflows and outflows registered at negligible levels, transfers between wallets slowed dramatically, and token burns—once a regular feature of SHIB’s deflationary narrative—effectively ceased. The number of active addresses sank to its lowest point in months, reflecting a sharp contraction in daily user engagement across both retail and institutional segments.
This level of inactivity rarely occurs in isolation. Historically, such flatlining precedes either prolonged sideways consolidation or a deeper price correction. When neither large-scale accumulation nor coordinated selling emerges, market participants tend to disengage, waiting for clearer directional cues. The absence of noteworthy transactions suggests no imminent catalyst—positive or negative—is driving holder behavior. For SHIB to rekindle momentum, observers should monitor daily active addresses surpassing 500,000 or exchange outflows exceeding one trillion tokens, both of which would indicate a shift in sentiment or strategy among significant stakeholders.
Section 2: Futures Market Retreat Exposes Fragile Sentiment
The derivatives landscape for Shiba Inu deteriorated sharply over the past 24 hours. Open interest—representing the total value of outstanding futures contracts—plummeted by 16.74% on November 29, 2025. This represents the largest single-day decline since August of the same year and reflects a rapid unwinding of approximately $214 million in leveraged positions. Such a pullback signals that traders are stepping back from risk, particularly after repeated failed attempts to break through overhead resistance.
Reduced open interest does more than reflect caution; it actively weakens market structure. With fewer open contracts, liquidity thins out, making the asset more susceptible to exaggerated price swings from even modest order flow. This dynamic echoes patterns from July 2025, when a 35% drop in open interest preceded a 22% slide in SHIB’s price. Restoring confidence will likely require a return to at least $50 million in daily derivatives volume—well above the current $31 million—to demonstrate renewed speculative or hedging interest. Without that rebound, the path of least resistance remains downward.
Section 3: Technical Structure Favors Caution Over Optimism
From a chart perspective, Shiba Inu remains trapped in a bearish configuration. The price closed below its 7-day simple moving average at $0.0000085 and continues to face stiff resistance near the 38.2% Fibonacci retracement level at $0.00000894. While the MACD histogram has recently turned positive—a potential hint of short-term upward pressure—the relative strength index sits at 43.51, placing it firmly in neutral territory rather than signaling oversold conditions or strong reversal potential.
Immediate support now rests at $0.0000082, corresponding to November’s lowest print. A decisive break beneath this floor could activate stop-loss orders and accelerate selling toward $0.0000075. Although the MACD divergence offers a glimmer of hope for a brief relief rally, the lack of accompanying volume severely limits its credibility. More telling is the year-over-year trajectory: SHIB has lost nearly 69% of its value since the start of 2025, significantly underperforming both Dogecoin (down 54%) and Floki (down 49%). This persistent underperformance underscores a deeper issue—investor preference is shifting toward assets with clearer utility, ecosystem development, or institutional integration.
Conclusion
Shiba Inu’s recent slide stems from a convergence of three interlocking headwinds: evaporating on-chain engagement, a sharp retreat in derivatives participation, and entrenched technical resistance. While short-term bounces remain possible—especially if broader crypto markets stabilize—the absence of compelling ecosystem updates or external catalysts leaves SHIB vulnerable. Unlike certain meme tokens gaining traction through strategic partnerships or infrastructure alignment, SHIB lacks near-term drivers to reignite speculative interest or restore holder confidence. Until measurable activity returns on-chain, in futures markets, or through technical breakouts, the risk-reward profile remains skewed to the downside.