SHIB price is consolidating near $0.000012 after a 1.55% daily decline, trading at $0.00001221; lower volume signals limited momentum and likely range-bound action between $0.00001183 and $0.00001273 over the coming weeks.
SHIB price near-term range: $0.00001183–$0.00001273
Daily decline: -1.55%; current price: $0.00001221 (press time)
Volume trend: falling volumes indicate low conviction and reduced volatility
SHIB price consolidating near $0.000012; read our concise technical update and trade considerations for traders and investors.
What is SHIB/USD doing today?
SHIB price is consolidating after a modest pullback, with the token down 1.55% on the day and trading at $0.00001221. Technicals show price within a channel bounded by support at $0.00001183 and resistance at $0.00001273, while volumes decline, suggesting range-bound action.
Bears are controlling the situation on the market today, according to CoinStats.
SHIB chart by CoinStats
SHIB/USD
The price of SHIB has declined by 1.55% since yesterday. On the hourly chart, momentum appears bearish and a decisive breakout of local support would increase the probability of a further move toward the $0.000012 zone.
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On the hourly timeframe, the structure is tilted toward sellers. Price is testing the lower edge of the short-term range, and a close below local support would open a path toward $0.000012. Conversely, failure to break support keeps the market in consolidation.
On the bigger time frame, SHIB is trading in the middle of a channel bounded by the support at $0.00001183 and resistance at $0.00001273. Volume continues to taper, which indicates neither buyers nor sellers currently have sufficient conviction for a sustained breakout.
The volume keeps going down, which means neither side has enough energy for a further move. All in all, consolidation in the area of $0.000012–$0.00001250 is the more likely scenario.
Falling on‑chain and exchange volume is consistent with muted volatility. When volume declines while price remains range-bound, breakout probability diminishes and false moves are more common. Traders should await a volume-confirmed breakout above $0.00001273 or a breakdown below $0.00001183 before increasing position sizes.
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