- SHIB has $0.000013 support and is focused on the critical resistance level of 16,700, which can lead to a more benign price attitude.
- Volatility remains tight with price moves, and we are still trading on strong demand on dips, but we are trimming gains at key resistances like every time.
- Momentum indicators signal consolidation, as RSI nears oversold conditions and MACD stays flat, suggesting SHIB awaits a decisive breakout.
Shiba Inu is trading with strength. SHIB had support at 0.000013, which it retained, and the market is looking at a breakout above the resistance. Tokens are maintaining short-term strength following recent gains, though a significant obstacle around 16,700 has maintained an upper limit. The market participants consider this index a pivot that may characterize SHIB’s next directional path.
Resistance Level at 16,700
The chart analysis highlights 16,700 as a significant resistance that has rejected multiple breakout attempts. SHIB has consolidated just below this threshold, signaling persistent selling activity at higher ranges. A breakout above 16,700 would confirm renewed momentum and likely attract higher trading participation.
Price activity shows SHIB struggling to maintain strength without clearing this resistance barrier. While demand exists at lower levels, sellers have repeatedly used rallies to secure profits. As a result, SHIB remains range-bound, with sentiment hinging on a decisive breakout.
A successful move above 16,700 could unlock upside continuation toward new targets. Until then, traders remain focused on consolidation phases and possible pullbacks. This resistance zone is now the primary test for near-term price direction.
Current Price Action
The second chart shows SHIB trading at $0.00005155 after gaining 8.8% in recent sessions. However, there was also a big price fluctuation as SHIB spiked up to the level of $0.00009253 and then reverted. The token is getting stabilized at the halfway mark, displaying power and indecisiveness.
Candlestick patterns confirm consolidation, as SHIB continues to hold above previous lows. Yet, the failure to maintain momentum above local highs underscores challenges in sustaining rallies. Demand remains visible, but strength is capped until resistance levels are broken.
Trading volumes highlight this dynamic, with surges during rallies followed by quick fading in retracement phases. This cycle reflects active buying pressure and profit-taking tendencies. As such, SHIB trades in a volatile but contained structure.
Market Outlook
The market structure indicates that SHIB is at a critical junction. Bids are upheld at $0.000013, which indicates buyer conviction and immediate stability. Meanwhile, the level of 16,700 is the determining boundary for further upward progression.
Infoday charts are strong, and SHIB increases by 1.83 percent at 2.26 PM UTC. Trading scenarios in the morning sessions were within the same levels, as the changes remained within a few frames. A brief push upward near 9:45 AM confirmed temporary momentum, although gains slowed afterward.
Indicators add to the mixed outlook. RSI is close to 33.35, which hints at being in oversold territory, while MACD is neutral with no strong impulsive signals. These levels imply SHIB, as it is a consolidation, waiting for a breakout or a regression to a new level.
