📉 Current Price & Trend
$SHIB price today is trading around $0.0000085 – $0.0000093 USD (down from resistance) and showing mixed momentum on daily charts.
Short-term trend: Price has been consolidating in a range between support and resistance levels, with sideways moves dominating most recent sessions.
Support Levels: around $0.0000080 – $0.0000087 — critical for maintaining momentum.
Resistance Levels: near $0.0000095 – $0.0000100+ — breaking above these could spark bullish follow-through.
📈 Technical Signals
Neutral / Slight Bullish Bias
RSI and momentum indicators are neither extremely bearish nor strong bullish, pointing to sideways or cautious market conditions.
On-chain burn rate has spiked at times, supporting long-term deflationary strength, though price impact has been muted so far.
Key Levels to Watch
Support: ~$0.0000080 – $0.0000087 (holds bearish risks if broken).
Resistance: ~$0.0000095 – $0.0000100 (break needed for upside).
📌 Market Sentiment & Context
SHIB remains a meme coin with heavy retail interest and historically high supply, making it volatile and sensitive to market mood.
Recent price compression and volume patterns suggest indecision — traders are waiting for breakout confirmation.
🧠 Quick Summary
Bullish Signs ✔ Price near strong historical support
✔ Occasional burn-rate spikes support long-term scarcity
Bearish Risks ❌ Sideways trend with weak momentum
❌ Resistance overhead at ~$0.0000100
❌ Meme coin volatility & high supply pressure
📍 Trading Insight: SHIB looks neutral-to-bearish short-term until it convincingly clears resistance with good volume. A break below key support could accelerate downside risk, while a clean break above resistance may signal renewed upside attempts.
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