SHIB Could Test $0.00001250 After Approaching Resistance, Sideways Trading Remains Likely

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  • Short-term resistance: $0.00001241 β€” watch daily close for breakout signals.

  • Support band: $0.00001183 to $0.00001273 defines the current trading channel.

  • Data from CoinStats and TradingView indicate muted momentum; SHIB trades at $0.00001239 at press time.

SHIB price update: SHIB/USD trades near $0.00001239, testing resistance at $0.00001241. Read COINOTAG’s concise outlook and key levels for short-term traders.

What is the current SHIB price outlook?

SHIB price is currently consolidating around $0.00001239 and is approaching near-term resistance at $0.00001241. Momentum indicators from CoinStats and TradingView show limited directional conviction, so sideways trading inside the $0.00001183–$0.00001273 channel is the highest-probability outcome over the next 24–72 hours.

How is SHIB/USD performing on hourly and daily charts?

On the hourly chart, SHIB/USD is closing in on resistance at $0.00001241. A daily bar close at or above that level increases the probability of a test of $0.00001250 within a session.

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On the daily and higher time frames, the price sits mid-channel between support at $0.00001183 and resistance at $0.00001273, indicating limited buying or selling pressure. TradingView technical overlays referenced by market data show no clear trend bias.

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Top coins by CoinStats

Why is sideways trading most likely for SHIB?

Price action is centered within a defined channel with no breakout confirmation. Volume metrics reported by CoinStats are muted, which historically correlates with range-bound movement for SHIB. Without increased on-chain flows or a catalyst on the order books, sharp directional moves remain unlikely in the near term.

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Image by TradingView

How should traders use support and resistance levels?

Traders should prioritize clear, rule-based entries:

  1. Wait for a daily close above $0.00001241 for a bullish signal.
  2. Use $0.00001183 as a defined stop level on short-term longs.
  3. Scale position sizes due to the low volatility environment to manage risk.

These steps follow common technical risk management principles and are aligned with COINOTAG market guidance.

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Monitor resistance at $0.00001241 and $0.00001273 and support at $0.00001183. A daily close above $0.00001241 would raise the odds of a move toward $0.00001250.

Use the $0.00001183 level as a reference stop on short-term longs and size positions to limit exposure to single-trade losses. Favor smaller position sizes during low-volatility ranges.

SHIB price remains range-bound between $0.00001183 and $0.00001273, with immediate focus on the $0.00001241 resistance. Data from CoinStats and TradingView show limited momentum, so traders should prioritize confirmation and risk controls. COINOTAG will monitor on-chain and market signals and update coverage as conditions change.


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Source: https://en.coinotag.com/shib-could-test-0-00001250-after-approaching-resistance-sideways-trading-remains-likely/