SHIB Price Stays Stable Amidst Volatility, Bullish Outlook Remains

Despite recent market volatility, Shiba Inu (SHIB) has demonstrated resilience, holding strong near the $0.00001265 level. A steady volume of $146.88M suggests sustained trader interest even as momentum remains subdued. The burn rate has dropped by 89%, slowing deflationary pressures, but supply reduction remains significant. While SHIB’s price currently sits at $0.00001284, a modest 0.57% gain over the past 24 hours reflects market conditions. Technical indicators point to potential bullish breakout if sentiment continues to strengthen. Key support and resistance zones are shaping SHIB’s intraday trajectory, with buyers showing interest in the recent price fluctuations. Notably, SHIB has established a strong support base between $0.00001265 and $0.00001270 that repeatedly absorbed selling pressure, signaling continued buyer interest. A dip to $0.00001260 formed a lower wick, indicating potential emergency support if prices retrace further.