- Shiba Inu traded at $0.059179 while posting a 2.0% weekly decline, keeping the token near a key support level at $0.05905.
- The price stayed in a tight range of $0.05905–$0.059834, therefore showing limited volatility and strong market attention to these levels.
- SHIB moved in a mixed performance across pairs, up 0.2% against BTC and up 4.0% against ETH, shaping short-term sentiment.
Shiba Inu started the week in renewed focus, after an industry expert predicted a probable surge toward $0.10. The prediction came when the token changed hands close to a key support area, making its short-term behavior highly interesting. SHIB was trading at $0.059179 during the session and the price was down 2.0% in the last week, creating a narrow trading window being closely watched by many analysts.
The attention on SHIB was particularly high because the token had neared critical technical markers that set sentiment in recent times. This is the scenario within which its current position and its possible future direction are analyzed in detail, based on available data from the market.
SHIB Holds a Tight Range Near Support as Market Pressure Persists
The token traded within a restricted 24-hour range, signaling reduced volatility despite broader market fluctuations. SHIB maintained support near $0.05905, which remained a critical figure for traders watching short-term structure. This support aligned closely with daily price behavior and allowed observers to gauge how buyers responded to continued pressure. However, resistance developed at $0.059834, which limited attempts to push the asset higher.
This resistance highlighted a narrow gap between current trading levels and the ceiling that controlled recent momentum . The price also reflected minor changes against major cryptocurrencies. SHIB shifted by 0.2% against BTC at 0.0109452 BTC, and it moved 4.0% against ETH at 0.082872 ETH, showing different reactions across pairs.
Market Focus Shifts Toward Technical Structure and Price Response
The proximity between support and resistance created a specific structure. This structure helped analysts track how SHIB reacted to renewed market stress. The unchanged support level attracted attention because many watched for a decisive reaction around this price. The resistance level, however, set a boundary that SHIB struggled to exceed.
This narrow band limited any strong directional breakout and kept the token in a confined pattern. Observers noted that each slight movement within this range influenced short-term expectations. This connection between price points and overall positioning shaped the discussion around SHIB’s next phase.
Future Behavior May Depend on How SHIB Moves Between Key Levels
The expert prediction of a potential path toward $0.10 drew heavier scrutiny to these figures. However, the current structure held more immediate relevance for the weekend outlook. The narrow range suggested that traders may focus on how price interacts with either boundary. This interaction often sets the tone for near-term movements.
The recent seven-day decline added another layer to this picture because traders continued to track whether selling pressure eased. Each percentage shift, however small, shaped the broader interpretation of ongoing demand. This dynamic kept SHIB at the center of attention as analysts watched for any change in direction.
