Shiba Inu (SHIB) is currently trapped in a precarious price range, with technical and on-chain data indicating immense struggle to break free. The current price sits around $0.000012, a critical support level that has been tested multiple times recently. While the horizontal support offers short-term protection against further declines, continued selling pressure risks transforming it into resistance. Declining trading volume and a weak RSI (44) suggest waning market interest and increasing bearish sentiment. On-chain analysis reveals a concentration of SHIB tokens – over 29 trillion distributed among holders – in a tight price range between $0.000012 and $0.000013. These concentrated wallets, containing approximately 25,700 and 19,800 addresses respectively, are poised to act as significant sell pressure when the price increases even slightly. This concentration, however, can also become a support buffer if SHIB experiences an unexpected downturn, potentially encouraging holders to double down on their positions. However, this situation may persist for weeks unless broader market sentiment shifts or Shiba Inu presents a compelling bullish narrative. The only way out of this trap is a clear breakout above or below the crucial $0.0000115 level. In the meantime, anticipate choppy movements and limited price fluctuations within this small range.