SHIB Holds Ground at $0.057425 as Tight Range Trading Persists—Momentum Signals Consolidation Ahead

Shiba Inu faced sustained selling pressure during today’s session, with SHIB declining 2.9% to land at $0.057517. The broader meme coin sector continues to experience headwinds, with SHIB’s relative weakness particularly pronounced against major pairs. The token shed 3.7% versus Bitcoin while gaining only 0.6% against Ethereum—a dynamic that underscores choppy cross-asset positioning rather than meaningful capital rotation.

Technical Structure: Price Squeezed Between Critical Levels

The price action tells a story of equilibrium. SHIB has successfully maintained footing above its immediate support zone at $0.057425, even as market participants repeatedly tested this boundary. Notably, the token has resisted a decisive breakdown, signaling underlying demand at lower levels. On the upside, resistance at $0.058011 has capped every rally attempt throughout the session, creating a compression pattern.

With both support and resistance firmly in place, price has been confined to an increasingly tight intraday range. Rather than staging a directional breakout, SHIB continues to oscillate within this confined zone—a clear indication that neither buyers nor sellers currently possess sufficient conviction to drive a sustained move in either direction.

What the Momentum Indicators Reveal

The technical backdrop aligns perfectly with this sideways structure. The RSI reading of 43.91 sits comfortably below midpoint, avoiding oversold territory. This positioning reflects minimal directional pressure from either camp—a textbook signal of indecision. The MACD histogram near 7.11M, paired with signal lines at -40.81M and -47.92M, paints a similar picture: momentum remains flat and lacks the strength needed to accelerate any trend.

These subdued readings collectively point to consolidation rather than trend acceleration. For price to break higher or lower, momentum indicators will need to show fresh conviction—something not yet visible in current chart conditions.

Market Cap Snapshot and Volume Behavior

SHIB’s market capitalization has remained relatively stable at around $4.43 billion despite intraday fluctuations. This steadiness during volatile price action suggests that capital flows have been cautious and short-term focused, with traders prioritizing tactical positioning over directional exposure. Volume patterns reinforce this observation, indicating market participants are content to sit tight until clearer directional cues emerge.

What Comes Next?

For now, all eyes remain fixed on how SHIB behaves near its established technical anchors. A sustained close above $0.057425 would reinforce near-term support resilience. Conversely, any break below this level could trigger cascading selling. On the topside, a decisive break above $0.058011 would need to materialize before traders can confidently call a reversal. Until one of these technical thresholds gives way, expect SHIB to remain range-bound in its current trading pattern.