SHIB is under pressure: Resistance zone determines its future fate

The current price of Shiba Inu Mini-Token is being closely watched by market analysts. After a recent price surge, the community is divided: while some analysts warn of a consolidation phase, optimists are already talking about enormous upside potential. The tension at a critical resistance level could be resolved very soon.

Technical Weakness Despite Buying Momentum

The renowned crypto analyst GainMuse has provided a nuanced assessment of the market situation in his latest reports. His focus is on the observation that Shiba Inu initially showed buy signals, but this momentum quickly faded. The resistance zone that the token aimed to break through proved to be much more robust than expected – the price was unable to hold these levels and slipped back again.

GainMuse emphasizes that there is a lack of continuation in the buying movement. According to his analysis, SHIB needs either time for consolidation or significantly stronger buyer interest to sustainably overcome the critical resistance line. Another attempt is not ruled out but is by no means guaranteed.

Optimistic Camp Sees Record High Within Reach

On the other side of the debate, analyst CRYPTO SHIB positions himself with a highly bullish scenario. In his view, Shiba Inu recently reached a new all-time high – or is about to do so very soon. With remarkably optimistic words, CRYPTO SHIB points out that a true all-time high could very well be possible within this year.

The emotional component of his statement is noteworthy: the analyst clearly expresses his conviction in the token’s long-term potential and compares the current market phase to a personal financial breakthrough.

Market Data: SHIB Remains on the Watchlist

At the time of this analysis, Shiba Inu is trading at a price of $0.0₅7472 per token. The 24-hour trading volume is $86.64 million, indicating substantial market interest. The total market capitalization of the token amounts to $4.41 billion. In the past 24 hours, SHIB has experienced moderate growth of 0.75%.

These data suggest a market that is neither overly bullish nor bearish – a clear indicator of a consolidation phase.

What’s Next for Shiba Inu?

The coming weeks will show whether Shiba Inu has the strength to reach new heights or if a longer sideways movement is ahead. The decision will primarily depend on the market capitalization and trading volume – two factors currently providing stability. As long as SHIB oscillates around these critical price levels, the token remains in the spotlight and continues to be a topic of discussion within the community.