Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
SHIB Trades at $0.00001292 While Consolidating Between $0.0000128 Support and $0.00001304 Resistance

SHIB Trades at $0.00001292 While Consolidating Between $0.0000128 Support and $0.00001304 Resistance

CryptonewslandCryptonewsland2025/09/22 21:18
By:by Francis E
  • Shiba Inu trades at $0.00001292 after a 0.9% 24-hour decline, staying between support at $0.0000128 and resistance at $0.00001304.
  • The price has consolidated in a narrow range, with repeated tests of support and resistance reinforcing short-term market focus.
  • A move above $0.00001304 could enable further upside, while losing $0.0000128 may extend consolidation.

Shiba Inu price activity has maintained its position within a tight range after recent market movement showed both selling pressure and support. On Friday, SHIB traded at $0.00001292, reflecting a 0.9% decline over the past 24 hours. The chart highlights that the token has been consolidating with limited volatility, keeping market attention on immediate technical levels.

SHIB is currently entering and exiting the support level of $0.0000128 and the resistance level of $0.00001304. This is a narrow band which has been maintained during various sessions and there seems to be equilibrium between the buyers and sellers. 

It is important to note that the floor above 0.0000128 is important in maintaining short term stability. A close below this point might prolong the downturn whereas any action above this point of $0.00001304 may offer more space on the upside.

Market Structure and Chart Outlook

The broader chart shows a gradual recovery after prior declines, with a projected upward trajectory suggesting potential higher moves. However, the current short-term setup indicates SHIB is still confined to a limited trading zone. 

Market participants are therefore observing whether the token can break out of this consolidation and aim for higher targets. Price action has repeatedly tested both support and resistance, reinforcing the significance of this narrow channel.

SHIB Holds Tight Range as Market Awaits Breakout Signal

The next decisive move will likely depend on whether SHIB can hold support and retest higher resistance. Sustaining above $0.0000128 could strengthen the chance of retesting $0.00001304 and potentially extending gains. 

Conversely, losing this base would expose the price to further consolidation below current levels. With the chart showing a possible longer-term upward pattern, short-term levels remain crucial for guiding market direction in the coming sessions.

Shiba Inu remains trapped in a narrow range, with $0.0000128 support and $0.00001304 resistance defining direction. A breakout or breakdown here will shape near-term momentum and guide upcoming price action.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Hashdex Nasdaq Crypto ETF Gains SEC Approval, Adds XRP

Quick Take Summary is AI generated, newsroom reviewed. SEC approves Hashdex Nasdaq Crypto ETF XRP under new generic listing rules. XRP, Solana, and Stellar join Bitcoin and Ethereum in the ETF basket. The approval allows regulated investors easier access to multiple cryptocurrencies. ETF inclusion doesn’t guarantee price gains, but boosts legitimacy and liquidity.References Hashdex Nasdaq Crypto Index US ETF has been approved under the SEC's new generic listing standards. Hashdex Nasdaq holds XRP!

coinfomania2025/09/25 06:54