$SHIB /USDT: Shiba Inu Consolidates Around $0.00002402 (-0.12%)
Shiba Inu ($SHIB) is currently trading at $0.00002402, experiencing a slight decline of -0.12% over the last session. After hitting a high of $0.00002493, SHIB is consolidating within a narrow range.
Key Levels to Monitor:
Resistance: $0.00002462 – Breaking this level could reignite bullish momentum toward $0.00002500.
Support: $0.00002371 – Holding above this support is crucial to avoid further downside pressure.
Market Observations:
$SHIB has displayed steady movement, finding balance between buyers and sellers.
The recent rangebound activity indicates that the market is waiting for a catalyst to trigger the next directional move.
Potential Scenarios:
Bullish Breakout: A push above $0.00002462 could take SHIB toward $0.00002550.
Bearish Breakdown: Falling below $0.00002371 may open the door for a retest of $0.00002324.
Traders should watch for volume spikes as SHIB approaches these critical levels. Will the meme coin regain upward momentum or continue its consolidation?