Shiba Inu Market Cap Holds Steady as Price Consolidates Near Key Support

Shiba Inu’s market capitalization remains steady at around $5.7 billion to $5.9 billion despite a 5.7% decline in price over the last 24 hours, reaching $0.0000059633. This level reflects continued participation in the meme coin sector with low volatility prevailing. SHIB continues its range-bound trading pattern, hovering around its support near $0.0000059633 and facing resistance near $0.00001023. The asset’s price action has been relatively subdued amidst market uncertainty.