Shiba Inu (SHIB) is holding steady near $0.0578, trading within a tight range between $0.057694 and $0.057993. The cryptocurrency experienced a 0.2% gain over the last 24 hours, with short-term volatility remaining contained. Despite a breakout from a long-standing compression pattern, SHIB did not surpass the resistance level, instead hovering near the upper portion of its 24-hour range. The token also showed gains against major cryptocurrencies, increasing by 1.5% against Bitcoin and 2.7% against Ethereum. This movement reflects distribution changes in crypto pairs rather than increased spot demand. Market participants are closely watching whether SHIB can maintain its position above short-term support while respecting the defined resistance ceiling.
Shiba Inu (SHIB) Maintains Stability Amid Tight Trading Range
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