Currently, the Shiba Inu (SHIB) price is in a very low range (in fractions of a cent), which is due to the huge supply of the token. Although the specific value may change, typical prices are a few tens of thousandths of a dollar.
On the daily chart, you can observe periods of consolidation, where the price oscillates in a relatively narrow range. Observing support levels (e.g. lower consolidation range) and resistance (upper range) is crucial to identifying potential breakout points.
Currently, the Shiba Inu (SHIB) price is in a very low range (in fractions of a cent), which is due to the huge supply of the token. Although the specific value may change, typical prices are a few tens of thousandths of a dollar.
On the daily chart, you can observe periods of consolidation, where the price oscillates in a relatively narrow range. Observing support levels (e.g. lower consolidation range) and resistance (upper range) is crucial to identifying potential breakout points.