Shiba Inu Trades Near $0.057 as Price Holds Above Key Support

• SHIB traded around below $0.057069, with a 0.2% fall in a day with its support holding above the $0.056835 minimum.

• Price action remained contained within the tight range of $0.056835 support and $0.057073 resistance, which is 24-hour range.

• There was a stable BTC and ETH pair performance, and market focus continued to be on Shibarium following a $ 2.4 million ETH flash loan attack.

Shiba Inu was trading in a tight range in the recent session as prices reflected the forces in the market as well as network news. Statistics depicted that SHIB recorded a small decrease of 0.2 percent. The activity in the trading sphere was concentrated around immediate technical levels, and the focus remained the same as on the recent events related to the Shibarium network. This price action provided a larger context of assessing the existing performance and developments.

Price Levels and Short-Term Performance

SHIB currently trades at $0.057069, as of the reporting time. The token had fallen by 0.2 in the past 24 hours. SHIB was again trading at 0.0108051 BTC, making a 1.1% movement compared to Bitcoin.  In the meantime, the Ethereum pair was 0.082375 ETH that is a 0.9% day gain.

Interestingly, the support and the resistance were noted as $0.056835 and $0.057073 respectively. It was the range within which these levels have a small difference thus giving the range of 24 hours. SHIB has also traded at parallel prices of between $0.00000691 and $0.00000716 in the same period. These figures highlighted continued compression in price movement across different quoted formats. As a result, market participants focused closely on nearby thresholds.

Current Price & Performance:$SHIB is trading around $0.00000691 to $0.00000716

Recent Security Incident:

There’s significant news: $Shibarium, $Shiba Inu’s layer-2 network, suffered a flash loan attack that drained approximately $2.4 million in ether. pic.twitter.com/3Db05plUDA

— CRYPTO SHIB (@cryptoshibs) January 1, 2026

Market Structure Around Key Technical Levels

Price activity remained tightly clustered near resistance, which limited upward movement. However, the nearby support level helped contain downside pressure. This balance shaped intraday trading behavior. Volumes stayed aligned with the constrained range, reinforcing the importance of these technical markers.

Furthermore, the small percentage changes against BTC and ETH suggested relative stability within broader crypto markets. These cross-pair movements offered additional context for SHIB’s positioning. As price hovered near resistance, attention gradually shifted toward external factors influencing sentiment.

Shibarium Security Incident and Market Context

Attention turned sharply to Shibarium following confirmation of a flash loan attack. Reports indicated the incident drained approximately $2.4 million worth of ether from the layer-2 network. This event entered the market narrative alongside ongoing price consolidation.

Following the disclosure, price data continued to reflect restrained movement rather than abrupt shifts. However, traders monitored developments closely as they assessed risk conditions. The combination of tight price ranges and network-related news shaped near-term market behavior, keeping focus on verified data points and observable price responses.