Shiba Inu (SHIB) is witnessing clear indecision among derivatives participants, according to mid-session data on March 2, 2026, from Binance, the world’s largest crypto exchange. The Top 20 traders show a near-even split in positioning as open interest trends lower across SHIB futures contracts.
At press time, 49.71% of leading accounts are holding short positions, while 50.29% are betting on upside momentum. The slim 0.58% difference reflects an almost perfect balance between bearish and bullish expectations, leaving sentiment finely poised.
Measured by position size, long exposure accounts for 49.17%, while shorts represent 50.83%. Meanwhile, SHIB open interest has dropped 3% over the past 24 hours to $52.8 million, signaling a more cautious and reserved stance across the derivatives market.
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Weekly Chart Highlights Long-Term Downtrend
A well-known crypto analyst, Ali Charts, highlighted that the weekly SHIB chart shows a clear long-term downtrend with consistent lower highs and lower lows following the 2024 spike.
Price is breaking below the key $0.00000667 support level, suggesting continued bearish momentum. Major resistance remains near $0.000014733 and $0.00003245 above.
However, if selling momentum continues, the next support levels would be around $0.00000304 and then $0.00000138.
The arrow on the chart indicates the risk of further downside unless buyers come back in force above $0.000014733 on strong volumes. A strong close above that level this week would significantly shift market sentiment away from the bearish camp.
RSI 34 Shows Momentum Slowing Potential
From an indicator perspective, the RSI is at 34, which is below the middle mark of 50. It has just bounced back from the vicinity of 30, which iconsidered ersold, and this indicates that the selling pressure is still present but may be weakening. A breakout above 50 would indicate that the buying pressure is gaining strength.
The MACD shows that the blue line is below the signal line, with small red bars indicating weak bearish sentiment. However, the bars are shrinking, indicating that the bears are losing steam.
Overall, the chart appears to be consolidating, with no clear indication of a bullish reversal, but a stabilization pattern appears to be emerging.
Why This Matters
Traders assess the market sentiment at a delicate level of balance, with 50.29% of traders going long and 49.71% going short, with entry strategies at $0.00000304 or $0.00000667.
A slight change in SHIB futures open interest, down 3% to $52.8 million, may trigger actions towards $0.00001473.
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