$SHIB /USDT: Shiba Inu Consolidates Around $0.00002402 (-0.12%)

Shiba Inu ($SHIB ) is currently trading at $0.00002402, experiencing a slight decline of -0.12% over the last session. After hitting a high of $0.00002493, SHIB is consolidating within a narrow range.

Key Levels to Monitor:

Resistance: $0.00002462 – Breaking this level could reignite bullish momentum toward $0.00002500.

Support: $0.00002371 – Holding above this support is crucial to avoid further downside pressure.

Market Observations:

$SHIB has displayed steady movement, finding balance between buyers and sellers.

The recent rangebound activity indicates that the market is waiting for a catalyst to trigger the next directional move.

Potential Scenarios:

Bullish Breakout: A push above $0.00002462 could take SHIB toward $0.00002550.

Bearish Breakdown: Falling below $0.00002371 may open the door for a retest of $0.00002324.

Traders should watch for volume spikes as SHIB approaches these critical levels. Will the meme coin regain upward momentum or continue its consolidation?

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