$SHIB

Shiba Inu has been in a consolidation phase with a steady decline over the past week, prompting renewed technical analysis. Over the last seven days, SHIB’s value dropped from around $0.00001359 to a recent low of approximately $0.00001154. At press time, it trades at $0.00001184.

Amid this consolidation, new technical insights from an analyst on TradingView highlight a descending trendline and a critical support range as key indicators for the token’s next significant move.