SHIB Holds Key Support as Price Consolidates Below $0.057344

• SHIB was trading at a price of $0.057162 with a 1.4 percent loss per day but it is still above the support level of $0.057123.

• Any recovery would be checked at 0.057344 and price would be limited to a tight one-day span.

• The BTC and ETH pairs were up 1.0% and 0.9% without interfering with the dollar range.

Shiba Inu was brought back to an active discussion as the price action remained within a tight intraday range. SHIB was trading at $0.057162 at the point of reporting and this represented a 1.4 per cent decrease in the last 24 hours. The pullback notwithstanding, price was kept within the range of distinctly defined technical levels that held market attention to short-term structure over extensive narratives. This positioning framed the session around measured movements and contained volatility. As trading progressed, participants tracked how SHIB behaved near both support and resistance.

Price Holds Near Support as Decline Stays Limited

It is important to note that SHIB was still trading slightly above the lower point of the 24 hours, which was the support point of 0.057123. Price made a brief approach to this region and did not run losses below. This reaction limited downside expansion during the session. Meanwhile, the 1.4% daily decline unfolded gradually, without sharp intraday drops. As a result, volatility remained controlled. This stability kept attention on whether support would continue to absorb selling pressure as activity evolved.

Resistance Caps Upside as Cross-Pair Performance Adds Context to Range-Bound Trading

However, upside movement encountered resistance near $0.057344, defining the upper limit of the same range. Price action tested this area but failed to establish a sustained move above it. Each approach reinforced the relevance of this resistance for near-term positioning. Consequently, the narrow band between support and resistance constrained price discovery. Trading activity therefore centered on small fluctuations rather than directional continuation. This structure reflected a balance between buyers and sellers during the observed period.

Beyond the dollar chart, SHIB’s performance against major assets added further context to market positioning. The token was trading at 0.0108187 BTC showing a 1.0% gain over Bitcoin. In the meantime, ETH pair was quoted at 0.082416 ETH, which was an appreciation of 0.9%. Such comparative actions were in contrast to the humble decline of the dollar.

Notably, the changes in cross-pair have been consistent with the narrow range of the dollar. This alignment suggested coordinated activity across markets. As conditions remained stable, traders continued to focus on reactions near established technical levels, which guided short-term market behavior.