Shiba Inu Struggles Amidst Tight Range Trading as Support and Resistance Hold

Shiba Inu’s trading activity remains restricted to a narrow range, with the token experiencing a 15.4% weekly decline and currently trapped between key support and resistance levels. The cryptocurrency is holding firm near its $0.057614 support level while facing resistance at $0.057999. Market analysts suggest that this tight trading range, characterized by limited volatility and constrained movement, signifies cautious trading conditions.