- Shiba Inu is trading at $0.057263 with a fall of 2.4 percent in the last 24 hours.
- Price was above the support of $0.057196 and the resistance was at $0.057439.
- SHIB rose 3.1% relative to Bitcoin and 3.4 percent versus Ethereum even with the USD fallback.
Shiba Inu moved down in the last day as the price moves were seen to be trapped in a small intraday range. At the time of reporting, the token was traded at a price of $0.057263, which was 2.4 per cent below the previous price of 24 hours. Notably, SHIB continued to hold above a clearly defined support area, despite sustained selling pressure. This positioning framed the session’s structure and shaped how market participants tracked short-term price movement.
Shiba Inu Holds Near Defined Support After Daily Pullback
Price action remained closely aligned with the $0.057196 support level throughout the session. However, sellers repeatedly tested this area as SHIB drifted lower during the day. The price respected this level while avoiding a broader breakdown. This behavior kept the downside contained within a narrow band. The support zone continued to serve as the reference point for intraday positioning.
This stability at support guided subsequent movement toward the session range. Notably, the market remained active without sharp swings. This structure set the stage for how resistance factored into the session.
Resistance Holds as SHIB Shows Relative Strength Across Trading Pairs
SHIB was met by resistance at around $0.057439, which determined the upper limit of the 24-hour range. Price approached this level but did not sustain movement beyond it. However, repeated attempts to test resistance highlighted persistent two-way activity. This back-and-forth reinforced the narrow range conditions.
The defined resistance and support levels kept price movement contained. Consequently, the market reflected balance rather than expansion. This range-bound structure connected directly with broader cross-market performance.
SHIB posted relative strength against major pairs during the same period. Equally, the token has increased 3.4 percent against Ethereum to 0.082393 ETH.These pairings showed SHIB outperforming larger assets during the session.
However, this relative movement occurred alongside a USD-based decline. This contrast underscored how pair performance and dollar pricing diverged. Together, these factors outlined the session’s market structure without extending beyond observed data.
