Shiba Inu price stabilizes near resistance as bulls and bears battle

Shiba Inu (SHIB) is currently trading within a range of $0.00002300 to $0.00002800, showing stability. The cryptocurrency has not experienced significant movement from either bulls or bears, indicating limited upward momentum.

The current price of SHIB is $0.00002607, and it remains above the 21-day simple moving average (SMA) support. Resistance levels are identified at $0.00002800, $0.00002900, and $0.00003000, while support levels are noted at $0.00002200, $0.00002000, and $0.00001900.

The market has shown indecision with modest fluctuations and doji candlesticks. However, unless there is a significant breakout, the potential for further rallies appears limited. It is advisable for investors to conduct thorough research before making any investment decisions.

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