- Shiba Inu is trading in the range of $0.057614 support and $0.057999 resistance with little volatility and constrained movement.
- The token has registered a weekly fall of 15.4 percent, as the market continued to pressure it and the trading is being done cautiously.
- The percentage variations between the SHIB and BTC, and ETH are moderate, as expected of a stable trading format.
Shiba Inu began the week with ongoing market pressure with a price trending downwards and trading within a tight window between established support and resistance. According to market readings, the token was trading at a lower price of $0.057705, which is 15.4 percent in seven days. Nonetheless, in spite of the observable downside trend, the price has been trading near its support region at $0.057614 that has remained constant despite the recent pullback.
Market participants have reported that the current structure reflects cautious trading conditions as capital flow remains stable but modest. Short-term traders are monitoring the ongoing consolidation closely, since pressure has limited major breakout attempts in the last sessions.
Furthermore, weekly action has produced light recovery attempts that remain capped near the resistance zone at $0.057999, which has not been reclaimed during the recent market sessions. This setup creates a contained trading band that may generate attention from technical observers looking for directional clarity.
SHIB Holds Support as Weekly Performance Weakens Further
Shiba Inu extended its decline during the seven-day window, as the price slipped to a new weekly low near its primary support. However, traders noted that selling activity remained orderly throughout the period. The support level at $0.057614 held firmly, despite increased downside pressure that emerged early in the week.
Notably, many short-term participants viewed the level as a reference point for near-term reaction and continued price monitoring. Furthermore, the market tone stayed cautious as recent price weakening created limited volatility and smaller range sizes across trading sessions.
Resistance Remains Active as Buyers Struggle for Daily Breakout
Moving to resistance conditions, SHIB repeatedly tested upside levels without recording a sustained move. The $0.057999 resistance capped every rebound attempt, leaving price trapped between two well-defined boundaries.
The 24-hour trading range remained narrow, creating a low-momentum environment for traders waiting for clearer direction. However, analysts observed that such narrow band trading often precedes further price movement once new market orders emerge. The range also created a straightforward reference zone for traders monitoring intraday reactions.
Relative Values Show Measured Movement Against BTC and ETH
Shiba Inu’s relative trading values against major assets also reflected the muted trend. The token traded at 0.0109143 BTC, marking a 4.1% change, while registering 0.082816 ETH, a 3.3% change over the period. These figures illustrated moderate movement within the broader digital asset market, as Shiba Inu continued responding to shifting investor activity. However, the relative changes remained consistent with price stabilization around support, creating another data point for short-term market observers tracking possible direction shifts.
