$SHIB Price Cooling Off – Accumulation or Drop Incoming?
$SHIB INU (SHIB) is currently trading at 0.00001317, down 1.05% on the day. After hitting resistance around 0.00001440, SHIB is showing signs of mild correction with support forming near 0.00001300. This range-bound movement suggests a consolidation phase. If bulls defend the 0.00001300 zone, we could see a bounce toward 0.00001400–0.00001420. However, a break below 0.00001290 could open the door for a dip to 0.00001220. RSI and volume indicators suggest a neutral-to-bearish short-term trend, but SHIB still holds potential for an upside spike if BTC remains strong.
Trade Setup:
Entry: 0.00001305 – 0.00001320
Targets: 0.00001360 / 0.00001400
Stop-Loss: 0.00001280