- SHIB ranged between $0.00000713 and $0.00000730 as it stayed in a narrow range on a daily basis.
- The price was above the support of $0.057002 but above the resistance of 0.057359 as the price was not able to move up.
- SHIB was trading at relatively high values before the Binance listing that happened in 2021, and it is still approximately 14x lower than it was before.
SHIB was down in the recent trading session, and its price movements are in line with the levels that have been historically experienced. The market information indicated that SHIB was trading in a tight range, indicating a controlled volatility. By the time it was reported, SHIB was trading close to previous levels before 2021 when it was listed on Binance.
It is important to note that the recent fall was in a limited scope, which contained price action. With this background in place, the analysis of existing levels, past position and short-term structure becomes possible. According to analyst SHIBpossessor, Shiba Inu trades between $0.00000713 and $0.00000730, declining about 2% over 24 hours as price remains range-bound during a short-term session.
SHIB Price Trades Within a Narrow Daily Range
The SHIB was trading within the range of about $0.00000713 and $0.00000730 in the last 24 hours. The token fell by close to 2 percent during this time. Meanwhile, prices on a bigger scale indicated SHIB on $0.056997 as a 2.8 daily loss. These movements held the price activity within the short term frames.
Nevertheless, the daily range was also well-defined. The support was at almost $0.057002 and the resistance was at $0.057359. Trends in the trading business experienced a narrow directional growth as price swung between these levels. This containment directed the market attention to the existing price references.
Historical Context Shapes Current Price Positioning
SHIB currently trades near the same level observed before its Binance listing in 2021. This comparison placed present pricing within a longer-term historical frame. At the same time, market data showed SHIB trading roughly 14 times below its prior all-time high.
This historical distance highlighted the contrast between earlier peak valuations and current market positioning. However, price behavior stayed aligned with present-day support and resistance. As a result, historical context blended into the current technical structure without altering near-term levels.
Market Levels Define Short-Term Structure
Support at $0.057002 continued to act as a floor during the session. Price remained above this level despite intraday declines. At the same time, upwards movement was checked at a resistance of $0.057359. Moreover, SHIB gained relative to BTC and ETH pairs, gaining 3.1 and 1.1 respectively.
These figures provided additional market context alongside dollar-based pricing. Altogether, the interaction between price, support, and resistance maintained a steady structure, keeping trading activity focused within defined boundaries.
