Shiba Inu Price Faces Pressure Near $0.0588 Support Amid Tight Trading Range

Shiba Inu’s price has been experiencing a downward trend this week, declining by 11.1% to reach $0.058969. The token continues to trade near its critical support level of $0.058838, facing pressure from ongoing selling and a narrow trading range between this point and resistance around $0.059212. 7-day weekly chart shows price action is subdued as the cryptocurrency market consolidates. While SHIB/BTC and SHIB/ETH pairings show slight gains, overall price activity remains limited.