$SHIB

🚨 Shiba Inu Price Consolidates as Bulls Lose Momentum 🚨

Shiba Inu price stalls after 17% gains on the weekly candle, with trading indicators suggesting the bullish momentum could be weakening.

Currently trading at $0.00001419, SHIB has only mustered a modest 0.6% gain over the last 24 hours, according to CoinGecko data.

However, its inability to sustain early gains above $0.000015 highlights mounting selling pressure, especially during U.S. trading hours where retail activity noticeably thinned.

Earlier in the day, multiple sharp rejections near the $0.0000150 zone on Binance and Coinbase hinted at exhaustion among short-term bulls.

After a sharp rally in Asian morning hours, SHIB price entered series of lower highs, typically a sign that buyer conviction is dwindling.

Traders on Asian-dominated platforms like Bybit and OKX reported heavier-than-usual spot selling, suggesting that some whales may be de-risking positions ahead of the weekend.

Shiba Inu maintains a market capitalization of approximately $8.36 billion, solidifying its spot as the 18th-largest cryptocurrency.

However, after last week’s rally, traders now appear to be taking on a cautious stance as liquidity thins, seeking clearer directional signals, particularly as Bitcoin price failed to hold the $95,000 level.

#SHIB #Binance #Write2Earn #BinanceAlphaAlert #MarketRebound