The Shiba Inu (SHIB) price showed moderate movement on July 26, registering a 5% gain over the past 24 hours, yet remaining within a tightly bound trading range. With both bulls and bears showing restraint, the token continues a period of sideways consolidation—raising the question of how long this phase could last.
SHIB Trades Within a Tight Range
On the hourly chart, SHIB is locked between support at $0.00001390 and resistance at $0.00001423. The price currently sits near the midpoint of this channel, with no clear signals of a breakout in either direction.
Low volume and reduced volatility suggest a lack of conviction among both buyers and sellers. Until either side gains control, SHIB is expected to continue hovering in this narrow band.
Short-Term Outlook: More Consolidation Expected
Zooming out to the 4-hour and daily timeframes, a similar pattern emerges. Momentum has cooled off after recent gains, and declining trading volume points toward a lack of sustained interest from bulls.
Analysts suggest SHIB may remain within the $0.00001350–$0.00001450 range until the end of the week. A breakout above this range would require a surge in volume or a strong catalyst, neither of which are currently present.
Midterm Technical Structure Shows Weak Bullish Momentum
Despite the recent recovery, SHIB has failed to maintain bullish momentum after its last breakout attempt. The token has pulled back toward key support areas and is trading below short-term moving averages.
The inability to hold gains above $0.00001450 indicates that buyers lack the strength to drive a trend reversal in the short term.
Unless bulls step in with volume-backed demand, sideways price action is likely to dominate the coming days.
Conclusion: SHIB Faces a Patience Test for Traders
With both resistance and support levels remaining intact, SHIB continues to test the patience of traders. While the long-term fundamentals of Shiba Inu may remain attractive to some, price action in the short term shows a clear consolidation phase.
Only a breakout above $0.00001450 or below $0.00001350 will offer directional clarity, making those levels critical for short-term traders to watch closely.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.