Shiba Inu (SHIB) price faced downward pressure this week, according to CoinStats. The price has dropped by 2.32% over the past 24 hours, with a notable dip near its support level of $0.00001273 on the hourly chart. If SHIB fails to recover before the day’s end, further declines towards the $0.00001250 range are anticipated. On broader timeframes, the price is currently situated within a wide channel between support at $0.00001173 and resistance at $0.00001428. As neither side exerts dominance, significant price changes are unlikely over the coming day. In the long term, ongoing sideways trading within the range of $0.000012 to $0.000014 remains likely due to the low volume witnessed. SHIB is currently trading at $0.00001294. Read the full article on U.Today.