Shiba Inu Trades At $0.00001006, Reflecting Neutral Momentum and $5.94B Market Strength

Shiba Inu’s price rose 1.7% to $0.00001006, maintaining balanced buying and selling activity around a $5.94 billion market cap.

RSI and MACD readings indicate neutral momentum, reflecting limited volatility and subdued trading volume.

Stability near $0.059716 support and resistance at $0.00001006 defines SHIB’s ongoing consolidation phase amid cautious market sentiment.

The last 24 hours witnessed a resurgence of market activity of Shiba Inu (SHIB), which rose to trade at 1.7% to $0.00001006. The movement of the token occurred in a relatively equal position between the selling and the buying pressure. As per the current market statistics, the capitalization of Shiba Inu was about 5.94 billion evenly distributed between purchases and sales. This balance indicates an indifferent position of traders, and short-run momentum does not have strong conviction of direction.

The nearest level of support has been established around $0. 059716 at which the buying activity has been evident on several occasions during intraday pullbacks. It is important to keep this threshold in order to sustain near-termed structural balance. The resistance zone is on the upper end at $0.00001006, which is in line with the recent price ceiling. Analysts note that the volume was quiet and that a more active participation would be required before any firm breakout is achieved.

Technical Stability Around Support and Resistance Levels

More importantly, the Relative Strength Index (RSI) stopped at approximately 61.91 and the signal line stood at approximately 54.09 which shows that there is moderate upside bias in a controlled area. Despite the recent gains, the levels of RSI remain in swing between the overbought and neutral states, which means restrained momentum

Source: TradingView

There was also no divergence evident in the Moving Average Convergence Divergence (MACD) as a linear measure took scores that were low in terms of volatility over the period of October.

Both RSI and MACD readings indicate that the market is consolidating currently. Volumes have been constant but small, with no significant inflows or exits having been witnessed in recent sessions. Such a condition indicates that players are watching price movements closely without making significant directional commitments. As a result, market momentum continues to oscillate in a tight bandwidth, indicating the persistence of equilibrium between buying and selling forces.

Market Behavior Reflects Consolidation Phase with Neutral Outlook

In broader trading indicators, SHIB’s relative performance against top currencies has been quite balanced. The token gained 0.1% against Bitcoin to 0.0109166 BTC and 0.3% against Ethereum to 0.082608 ETH. These meager gains indicate even performance in a structured market environment. While there is the recent gain, concentration of liquidity is near previously tested levels, which attests to the prevailing structure of consolidation.

$SHIB will $0.001 soon pic.twitter.com/pCTAPAyS4u

— SHIB Mortal (@SHIBMortal) October 23, 2025

But the ability to sustain above such set resistance could dictate short-term attitude. The traders continue to test whether SHIB will sustain above these levels as it continues its overall market alignment. Currently, the intersection of contained volume and unchanged technical readings sustains a position of neutrality. The trend observed is one wherein the asset continues to consolidate in anticipation of solid conviction in trend direction in the coming days.

The post Shiba Inu Trades at $0.00001006, Reflecting Neutral Momentum and $5.94B Market Strength appeared first on Cryptonewsland.