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TronWeekly

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Shiba Inu Teeters Near Breakdown as Resistance Holds Strong

  • Shiba Inu is trading at $0.00001257 with a slight 0.19% gain, but the overall trend remains bearish.
  • The price is struggling below the 9-period DEMA and nearing the lower Bollinger Band, signaling continued downside risk.
  • Support ranges between $0.00001209 and $0.00001109, while resistance near $0.00001311 continues to reject upward moves.
  • A breakout from the current consolidation range could determine SHIB’s next major direction.

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