SHIB Holds $0.056735 Support While Price Moves 0.4% Within Tight Daily Range

• SHIB is still trading in a narrowing ascending channel which is an indication of controlled volatility in the region of set technical boundaries.

• The support of $0.056735 has not been broken and it keeps the price action in place and does not allow it to move further down during the session.

• The specified 24-hour interval of $0.0567350-$056997 is the presence of a consistent consolidation that lacks directional verification.

The trading activity continued to be constrained and Shiba Inu was trapped in a tight price range. Chart data reflects a prolonged period of tightening ranges, with price action holding above a clearly defined support level. This structure has persisted into the latest session, keeping SHIB positioned within a controlled technical environment.

Ascending Structure Maintains Directional Pressure

It is important to note that the chart shows an upward-trending price channel, which SHIB has followed since late 2025. There are still lower lows developing in the channel with the price adhering to the top line. This trend shows consistent directional growth and no sudden growth. In the meantime, the price was slightly over the price support of $0.056735.

That level aligns with previous reaction points shown on the chart. As a result, price stability persisted near the lower half of the channel. Volume bars beneath the chart appeared reduced. This decline suggests limited participation during the current phase. However, price maintained structure despite lighter trading activity. This interaction leads into the near-term range discussion.

Intraday Levels Define Current Trading Range

Nevertheless, intraday data positions SHIB in a specific 24-hour range of 0.056735 to 0.056997. The latest price is reported to be at $0.05678 which is a 0.4 percent increment per day. Unlike Bitcoin, SHIB was at 0.0108675 BTC, which is a 0.3 percent change. Other than that, the ETH pair recorded 0.082967 ETH that also went up by 0.3 percent.

These paired movements indicate synchronized market behavior rather than divergence. Consequently, the price continued oscillating near resistance without a confirmed breakout. This range behavior sets the context for immediate directional scenarios.

Short-Term Scenarios Based on Chart Levels

In a bullish scenario today, price could test the $0.056997 resistance if it holds above $0.056735. That move would keep prices aligned with the channel’s upper boundary. Conversely, a bearish scenario would emerge if price falls below $0.056735. That shift would place SHIB near the channel’s lower trend line. Both outcomes depend on whether price remains within the compression zone. The chart structure itself defines these potential paths without deviation.