- SHIB gained 4.03% as volume jumped 41.19% and exchange supply tightened sharply.
- Rakuten Wallet will add SHIB on April 15, opening direct yen trading to Japanese users.
- Resistance at $0.0000060-$0.0000062 remains key, with support seen near $0.0000059.
Shiba Inu’s latest advance slowed just below a closely watched ceiling, turning a strong daily rise into a fresh resistance test. The token gained 4.03% in the past 24 hours as the total crypto market cap climbed 4.89%, a move largely driven by Bitcoin.
That alignment showed the move developed during a wider market rebound rather than in isolation. At the same time, exchange flow data pointed to a tighter near-term supply backdrop. On-chain figures from April 7 showed a net outflow of 228.46 billion SHIB from major exchanges.
Trading volume also rose 41.19% to $139.15 million over the same 24-hour period. Fewer tokens on exchanges reduced readily available sell pressure, while stronger volume showed the move attracted active participation.
Broad Market Lift and a New Listing Focus
The SHIB token acted as a beta trade on broader market optimism, moving higher as Bitcoin helped lift the wider market. That mattered as the rally reflected both market sentiment and token-specific demand conditions. The combination gave the move more structure than a simple isolated spike.
A second driver sat on the calendar. Rakuten Group said it will integrate SHIB into its regulated Rakuten Wallet on April 15, 2026. The move will introduce direct yen trading through a major Japanese e-commerce and fintech group. It also stands out because Rakuten Wallet operates under Japan’s strict Financial Services Agency framework.
SHIB NEWS
Japan just made another quiet move… and SHIB is in it.
Rakuten Wallet confirmed that starting April 15, spot trading expands to include Shiba Inu alongside major assets like XRP and Dogecoin.
Japan is one of the most regulated crypto markets in the world. Listings… pic.twitter.com/Yuv401Nk2b
— Shibarium | SHIB.IO (@Shibizens) April 7, 2026
That listing marked an adoption milestone and expanded the token’s potential reach in a high-trust market. The event also gave traders a fixed date to monitor. The next measurable checkpoint will be the official launch itself and any trading activity that follows in the Japanese market.
SHIB Price Action: Triangle Pattern Tightens at Resistance
On the four-hour chart, SHIB was trading near $0.00000606 as the token’s price compressed inside a symmetrical triangle. That structure formed between a falling resistance trendline and a rising support trendline. In practical terms, the trading range kept narrowing as buyers and sellers pressed toward a decision point.
SHIB Price 4-Hour Chart (Source: TradingView)
The token also sat almost exactly on the 0.382 Fibonacci retracement level at $0.00000599. That zone became a pivot for short-term direction, as SHIB’s price kept reacting there. Repeated failures near $0.0000061 to $0.0000062 showed sellers were still defending the upper edge.
Technically, that band remained the main barrier in the current setup. This kind of narrowing pattern often reflects a volatility squeeze. The price is not yet breaking down, but it is also not clearing resistance. For now, the chart still showed a market boxed in by a firm ceiling and rising support below.
Key Levels That Now Define the Setup
Notably, momentum had not fully rolled over at the time of the setup. The RSI stood near 56, showing buyers still held a modest edge without delivering full breakout confirmation. That reading matched the broader picture, where strength remained visible, but resistance still controlled the next step.
On the upside, a break above $0.00000623 would shift focus to the next Fibonacci reference points at $0.00000647 and $0.00000681. On the downside, nearby support sat around $0.0000059, with a stronger band between $0.0000057 and $0.0000056. That lower area aligns with the rising trendline and the 0.236 Fibonacci level.
Bitcoin’s ability to hold above $71,000 also remained part of the near-term backdrop. For now, however, the data showed a rally supported by volume, tighter exchange supply, and a major listing catalyst, but still capped by nearby technical resistance.
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