$SHIB
🚨SHIB Price Stalls Near Key Resistance: Can Bulls Extend Recovery Ahead?🚨
SHIB’s price action remains constructive but constrained, with the chart showing a recovery from the lower end of its recent trading channel rather than a full trend reversal. After stabilizing from the channel lows, SHIB has pushed higher into a well-defined resistance zone near $0.000006100, a level that has repeatedly capped upside attempts over the past sessions. Shiba Inu price is still respecting a descending-to-sideways range, where lower highs remain intact despite the bounce.
The recent recovery has been supported by declining sell pressure rather than aggressive new buying, suggesting consolidation rather than breakout momentum. As long as SHIB holds above the $0.00000580–$0.00000570 support band, downside risks remain contained in the near term. A decisive close above $0.000006200 would shift the short-term bias higher, opening room toward the next resistance near $0.00000645–$0.00000660, where prior supply and liquidation pressure cluster. Failure to clear this zone, however, could keep SHIB locked in a range, with price drifting back toward mid-channel support.
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