Shiba Inu (SHIB) has posted a 5% price increase over the previous trading session amid signals of a broader market reversal. The SHIB/USD pair is currently trading within a narrow channel between support at $0.00001390 and resistance at $0.00001423, with declining trading volume reinforcing indications of market consolidation.
Technical analysis reveals SHIB trading near equilibrium midpoint levels, suggesting a momentum shift toward sideways movement. The midterm outlook projects continued consolidation within a $0.00001350 to $0.00001450 range.
This stability provides accumulation opportunities for traders positioning for potential rallies. The price recovery, while tentative, may signal the early stages of a market reversal that could define SHIB’s near-term trajectory as volatility subsides.