Shiba Inu (SHIB) has experienced a slight decline in the past 24 hours, trading at $0.00001424. Despite Bitcoin and Ethereum’s price surges, SHIB remains under pressure below a key resistance zone. 2.47% was lost this week as SHIB failed to stay above the Bollinger Bands’ midline ($0.00001442), indicating indecision in its price movement. The upper and lower bands of the Bollinger Bands, at $0.00001699 and $0.00001186 respectively, continue to confine SHIB’s price action. 2.47% loss this week was recorded after brief rises this week which ultimately failed to maintain a level above the midline of the Bollinger Bands. This has led to a significant selling pressure with over USD 532 trillion worth of SHIB purchased in the price range from $0.000015 to $0.000019, representing a formidable wall for bulls.