Shiba Inu Tight Range at $0.0000109, Support Holds
Shiba Inu (SHIB) price has stalled in a tight range around $0.0000109 for days, showing low volatility and muted trading volume. Key support at $0.0000095 has held firm after multiple tests, suggesting a potential base formation.
On-chain metrics from CryptoQuant indicate minimal exchange netflows (-0.34%) and a slight reserve uptick (0.13%), while the Relative Strength Index (RSI) remains flat between 37 and 40. Whale activity is negligible, and daily active addresses have dipped by less than 1%.
With no clear catalyst, SHIB risks further stagnation. Traders should monitor shifts in volume, exchange flows, and RSI for breakout signals. A macro event or spike in on-chain transactions could trigger a significant move. Shiba Inu traders remain on hold pending new catalysts.
Neutral
The neutral view stems from SHIB’s prolonged consolidation within a tight range. Short-term, low volatility and balanced RSI suggest limited upside or downside without a catalyst. In the long term, sustained support at $0.0000095 could set the stage for a breakout, but absence of significant whale activity or liquidity change caps momentum. Traders should wait for a clear shift in volume or on-chain flows before committing.