- SHIB stock rose 4.03% as volume jumped 41.19% and stock market supply tightened sharply.
- Rakuten Wallet will add SHIB on April 15, opening up live yen trading for Japanese users.
- Resistance at $0.0000060 – $0.0000062 remains key, with support seen near $0.0000059.
Latest Shiba Inu Advance The price slowed below the closely watched ceiling, turning a strong daily rally into a new resistance test. The token is up 4.03% over the past 24 hours as the total cryptocurrency market capitalization rose 4.89%, a move largely driven by Bitcoin.
This alignment showed that the movement developed during a broader market recovery rather than in isolation. Meanwhile, exchange flow data pointed to a tighter supply backdrop in the near term. On-chain figures as of April 7 showed a net outflow of 228.46 billion SHIB from major exchanges.
Trading volume also increased by 41.19%, reaching $139.15 million during the same 24-hour period. The lower number of tokens on exchanges reduced readily available selling pressure, while stronger volume showed that the move attracted active participation.
Raise the market broadly and focus on new listings
The token was a test trade amid broader market optimism, rising as bitcoin helped lift the broader market. This is important because the rise reflects market sentiment and demand conditions for the token. This combination gave the movement more structure than a simple, isolated spike.
Another driver sat on the calendar. Rakuten Group said it will integrate SHIB into the regulated Rakuten Wallet on April 15, 2026. The move will offer direct yen trading through a major Japanese e-commerce and fintech group. It also stands out because Rakuten Wallet operates within Japan’s strict Financial Services Agency framework.
Evening news
Japan has just taken another quiet step… and SHIB is in on it.
Rakuten Wallet has confirmed that starting April 15, spot trading will expand to include Shiba Inu alongside major assets such as XRP and Dogecoin.
Japan is one of the most regulated cryptocurrency markets in the world. Lists… pic.twitter.com/Yuv401Nk2b
— Shiparium | SHIB.IO (@Shibizens) April 7, 2026
This listing represents a milestone in adoption and has expanded the potential reach of the token in a high-trust market. The event also gave traders a specific date to monitor. The next measurable checkpoint will be the official launch itself and any business activity that follows in the Japanese market.
SHIB Price Action: Triangle pattern narrows at resistance
On the four-hour chart, SHIB traded near $0.00000606 as the token’s price was squeezed inside a symmetrical triangle. This structure formed between the falling resistance trend line and the rising support trend line. In practice, the trading range continued to narrow as buyers and sellers pressed towards the decision point.
SHIB 4-hour price chart (Source: Trading View)
The token also sat roughly at the 0.382 Fibonacci retracement level at $0.00000599. This area has become the focus of a short-term trend, e.g SHIB price Keep interacting there. Repeated failures near $0.0000061 to $0.0000062 showed that sellers are still defending the upper edge.
Technically, this range remains the main constraint in the current setup. This type of tightening pattern often reflects volatility pressure. The price has not collapsed yet, but it has not cleared the resistance either. For now, the chart still shows a trapped market with a flat ceiling and growing support below.
Key levels that define the setup now
It is worth noting that the momentum has not completely rolled off at the time of preparation. The RSI stood near 56, indicating that buyers still maintain a modest advantage without providing full confirmation of a breakout. This reading matched the broader picture, as power remained visible, but resistance still controlled the next step.
On the upside, a break above $0.00000623 will shift focus to the next two Fibonacci reference points at $0.00000647 and $0.00000681. On the downside, nearby support lies at around $0.0000059, with a stronger range between $0.0000057 and $0.0000056. This lower zone corresponds to the rising trend line and the 0.236 Fibonacci level.
Bitcoin’s ability to hold above $71,000 also remained part of the near-term backdrop. However, for now, the data showed a rally supported by volume, tight exchange supply, a major catalyst for listing, but still constrained by nearby technical resistance.
Read also: Cardano price jumps more than 7% as whale accumulation reaches new highs
