Shiba Inu (SHIB) exhibits steady bullish momentum with a 0.66% price increase over the past 24 hours as the token enters a consolidation phase. Technical analysis indicates SHIB trading within defined boundaries between a critical support level at $0.00001212 and immediate resistance at $0.00001257.
Market observers note that a decisive breakout above the $0.00001257 barrier could accelerate bullish momentum, potentially propelling SHIB toward the $0.000013 price zone. Conversely, traders are monitoring the $0.00001150 support region as a key threshold; a sustained close below this level might signal further downside risk.
Analysts advise market participants to track price action around the $0.00001257 resistance and $0.00001150 support zones for signals of SHIB’s next directional movement. The current consolidation reflects a critical decision point for near-term market sentiment.