Shiba Inu Price Prediction for June 2: Bulls Face Resistance, Potential Support Breakout

Crypto markets are showing mixed results today, with a majority of coins dipping in value, according to CoinStats data as seen in the provided image. However, Shiba Inu (SHIB) presents a unique situation. While SHIB is currently trading at $0.00001283 after experiencing a 0.79% decline over the past 24 hours, the price shows a narrow range on the hourly chart, between support levels of $0.00001264 and resistance at $0.00001297. Experts say there are limited chances for significant price shifts by tomorrow due to this tight range. examining the longer-term charts reveals a neutral trend as neither side is dominating, with SHIB far from its key levels. However, if bulls aim to regain control of the market, they need to see prices surpass the interim zone at $0.000013. On the other hand, the midterm outlook paints a different picture. If selling pressure continues, we may witness a breakdown in support levels and a subsequent decline towards the $0.000012 range.