- SHIB was trading within the range of $0.057075 support and $0.057234 resistance, which limited volatility throughout the session.
- Price fell by 0.3 per cent relative to the dollar, but rose by 1.5 per cent relative to Bitcoin and 1.3 per cent relative to Ethereum.
- Numerous experiments of the local support/resistance showed that the short-term technical levels led to a consolidation period.
Shiba Inu moved within a small range as the market exhibited restricted volatility in the last session. Although the pullback was modest, the price movement remained tightly contained within well defined technical levels. This structure contained volatility, and formatted the session to be based on short-term positioning, as opposed to directional expansion. With the advancement of trading, the additional context to the market setup was obtained through the comparison of stability with other major pairs.
Price Holds Inside a Tight Intraday Structure
Shiba Inu maintained a limited range of 24 hours during the session, and the price ranged between support and resistance at $0.057075 and 0.057234. Notably, price approached both boundaries without producing a confirmed break. This behavior reflected balanced order flow near current levels. However, repeated interaction with these zones reinforced their importance for short-term traders. The narrow spread between support and resistance also limited sharp price extensions, keeping activity focused on range-based movement.
Shiba Inu also had significant strength against major cryptocurrencies, in addition to the U.S. dollar pairing. The token increased by 1.5 percent over Bitcoin where it trades at 0.0108192 BTC. Simultaneously, SHIB was up 1.3 per cent against Ethereum, which was valued at 0.082446 ETH. These gains relative to the minor decline in dollars were realised. Consequently, cross-pair data indicated disparity in fiat and crypto-based performance. This comparison facilitated the process of positioning the session as one that was caused by rotation as opposed to overall weakness.
Short-Term Levels Shape Market Direction
Market interest stuck on short-term technical levels as trading continued. The area of support at 0.057075 served as a floor that received downside pressure at intraday dips. In the meantime, the upside was capped by resistance of $0.057234 and downward momentum was contained. Price thus remained pegged between the two. This setup implied that the movement in the near term would keep on responding to these levels unless there are adjustments in the volume conditions. Consolidation has been the primary focus of market structure so far, and the price behavior has been bound by the already existing limits instead of long-term trends.
