Shibsol narxiSHIB

The crypto market is showing renewed weakness as $ETH faces a critical moment, needing to defend the 1,885 support level to avoid a deeper correction, while $XRP is hovering dangerously close to the psychological 1 zone amid fading bullish momentum. Market structure suggests increasing pressure from sellers, raising concerns about short-term downside risks across major assets. At the same time, $SHIB continues to struggle with recovery strength, with technical indicators pointing toward limited buying interest unless broader market sentiment improves. Analysts note that meme coins remain highly dependent on liquidity cycles, meaning volatility could remain elevated in the near term. Overall, the market outlook is leaning bearish as key support levels are repeatedly tested, signaling cautious sentiment among traders and investors. If macro pressure persists, major tokens could see further retracements before any sustainable rebound forms.

The Shiba Inu coin has been on an uptrend within the past 24 hours and increased 3.3 percent relative to the U.S. dollar. The token was traded at the reporting rate of $0.056521. It is worth mentioning that it also made 3.3% against Bitcoin and 3.2% against Ethereum. This comparative strength saw SHIB surpass both of the major assets in the same session. Consequently, merchants were more vigilant in regards to short-term levels. SHIB Presses Against Range High as Cross-Pair Strength Reinforces Intraday Momentum In the session, SHIB was shifting on a set support and resistance band. The level of support was at $0.056186 and the level of resistance at $0.056545. Price action was stuck within this tight spot. Buyers were however able to hold the token above the support during the time. The existing price of $0.056521 is slightly below the direct resistance. Thus, the market activity has been focused close to the upper market range. Such positioning indicates the long-term intraday demand. Other than the dollar pair, SHIB made a tangible increase against major crypto standards. These cross-pair gains were made within the same day (24 hours). It is worth mentioning that the percentage gains were similar in both BTC and ETH pairs. Thus, the movement of SHIB indicated the steady strength of the trading pair in various pairs. This cross market consistency strengthened its short-term momentum profile. Technical Indicators Show Strong Bullish Momentum Despite Resistance Pressure On the one-hour chart, the Relative Strength Index printed near 75.99. A secondary RSI reading appeared near 62.97. Both levels placed momentum above the midpoint threshold of 50. Notably, the higher RSI reading approached overbought territory. However, prices continued to trade near resistance during that period. This alignment showed sustained buying pressure within the defined range. The Moving Average Convergence Divergence was also an indicator of the upward momentum. The MACD line recorded 32.05 million and the signal line was 27.04 million. In the histogram, the value was 5.01 million positive. The spread was positive since the MACD line was above the signal line. Besides, the value of the histogram validated that gap. This configuration appeared on the one-hour chart published on TradingView. As a result, both RSI and MACD aligned with the 3.3% daily increase. However, price still respected the established resistance ceiling. Market Structure and Short-Term Positioning With price hovering near $0.056545 resistance, traders focused on the upper limit of the daily range. Meanwhile, the $0.056186 support level continued to define downside risk. The spread between these levels measured less than one percent. Such a tight structure emphasized short-term consolidation. However, the 3.3% daily gain confirmed upward movement within that structure. As trading progressed, SHIB maintained proximity to resistance rather than retreating toward support. This placement kept attention fixed on near-term price behavior within the established range.

$SHIB 4HR Chart Outlook #SHIB is trading inside a clear 4H falling wedge after rejecting from the recent local highs. Price is currently hovering near 0.00000600, pressing right against the lower wedge boundary. The key support sits around 0.00000590. This is the level holding the structure together. As long as 590 holds, a short-term bounce toward 0.00000640–0.00000660 remains possible inside the wedge. However, a clean 4H close below 0.00000590 shifts momentum clearly bearish. That likely exposes 0.00000540 first, followed by the previous ATL region near 0.00000510. If 510 fails to hold, the structure opens into price discovery on the downside. That’s where acceleration can happen. In an extended bearish continuation, deeper liquidity could sit around 0.00000400–0.00000300. Right now, this is a make-or-break zone. 590 = structural support. Break it, and expansion risk increases fast. Volatility is about to expand. Follow Crypto Sat 🟨

My Top 3 Memecoins this cycle. 1. $DOGE 🐶 2. $SHIB 🐶 3. $PEPE 🐸