Shiba Inu (SHIB) price is consolidating tightly between major moving averages, indicating a buildup of pressure.
On the daily chart, SHIB price is hovering around $0.00001428 and faces resistance at $0.000016, with a crucial barrier at the 200-day SMA at $0.00001816.
On the hourly chart, SHIB price is ranging between $0.00001420 and $0.00001450, with key levels at the 50-SMA and 100-SMA around $0.00001440.
A breakout above $0.000015 could lead to a 26% upside to $0.00001800, while a breakdown below $0.00001400 may result in a 7.6% drop to $0.00001320.