- SHIB trades at $0.00001290 with low volatility, stuck in a narrow channel.
- Immediate support: $0.00001275; Immediate resistance: $0.000013.
- Bullish trigger level: A breakout above $0.00001314 could revive buying pressure.
- Bearish risk: Failure to hold above support may send SHIB toward $0.00001250.
- Neutral outlook: Midterm charts show neither bulls nor bears in control.
Shiba Inu Price Holds Narrow Range
The crypto market opened the day bullish, but according to data from CoinStats, many assets, including Shiba Inu (SHIB), have slipped back into the red. At press time, SHIB is trading at $0.00001290, moving sideways within a tight price channel.
On the hourly chart, SHIB sits between a support level of $0.00001275 and resistance at $0.000013. With neither buyers nor sellers dominating, the meme coin shows limited chances of sharp moves before the daily close.
Also Read: Shiba Inu Flashes Death Cross Again: What It Means for SHIB Price
SHIB Price Levels to Watch
On the longer time frame, SHIB remains distant from decisive levels. For bulls to regain control, the token must break above $0.00001314, a key resistance that could unlock further upside momentum.
Until that happens, traders may see a pullback toward $0.00001250, especially if bearish pressure mounts.
From a midterm perspective, SHIB is consolidating, with no clear trend in sight. This suggests that the meme coin may continue trading sideways in the short term, awaiting a stronger catalyst.
What’s Next for SHIB?
With the current indecisive momentum, SHIB’s next move depends on whether bulls can reclaim the $0.00001314 resistance. A successful breakout could open the door to a potential recovery, while a failure to hold support at $0.00001275 risks dragging the price lower.
For traders, this range-bound action offers opportunities for short-term swing trades, but a breakout confirmation is crucial before expecting significant price movements.