Shiba Inu Enters Tight Price Range, Investors Watch Key Support Level

Shiba Inu (SHIB) has been confined to a narrow price range for weeks, trading near $0.000012. This critical band marks the coin’s highest level of activity since last September. Investors are closely watching for any breakout from this tight zone as SHIB has consistently held above the crucial support level at $0.00001159. 2023 has seen a trend towards consolidation, but past patterns suggest the potential for significant price movements in both directions.