Shiba Inu (SHIB) recorded a 0.43% price decline over the past 24 hours, signaling renewed bearish momentum in its market trajectory. The downturn highlights persistent resistance near the $0.00001534 level, with technical indicators pointing toward potential market consolidation.
Current analysis identifies $0.00001534 and $0.00001445 as critical resistance zones, suggesting SHIB may enter a sideways trading pattern between $0.000014 and $0.000015 in the immediate term. This consolidation phase on daily charts underscores market indecision as traders await clearer directional signals.
The upcoming weekly candle closure remains pivotal for SHIB’s trajectory, as a sustained close above $0.000014 could establish foundation for bullish momentum. Broader cryptocurrency market fluctuations continue influencing SHIB’s price dynamics amid variable investor risk appetite.