The Shiba Inu (SHIB) price has experienced a slight decline over the past day, dropping by 5.21%. While trading on the hourly chart shows a brief upward movement after a false breakout of local resistance around $0.00001235, bulls need to maintain momentum for SHIB to potentially test this level again tomorrow. On a longer time frame, the coin also attempted to break out of support at $0.00001230, but failed. A strong closing candle could signal further growth towards $0.000013. However, from a midterm perspective, sellers remain more influential, and if the weekly bar closes below a key support level of $0.000012, this could trigger a test of the lower price range soon. As of press time, SHIB is trading at $0.00001265.