The post SHIB Price Shows Potential for Sideways Trading Amid Market Reversal and Narrow Channel Range appeared on BitcoinEthereumNews.com.

The cryptocurrency market has experienced a notable reversal this weekend, with SHIB/USD showing a modest 5% price increase, signaling renewed investor interest. Despite this uptick, SHIB remains confined within a narrow trading channel, indicating a period of consolidation rather than a decisive breakout. According to COINOTAG, “The falling volume alongside sideways price action suggests traders are awaiting clearer market signals before committing to new positions.” SHIB/USD rises 5% amid weekend market reversal, trading sideways within a narrow channel as volume declines, signaling consolidation ahead. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); The Shiba Inu (SHIB) token has demonstrated a 5% price increase since the previous day, marking a significant shift in market sentiment over the weekend. This movement comes after a period of stagnation, reflecting renewed buying interest among investors. However, the price remains constrained within a tight range, oscillating between the support level of $0.00001390 and resistance at $0.00001423. This narrow channel suggests that while momentum has picked up, the market lacks the conviction for a strong directional move at present. Analyzing the hourly chart reveals that SHIB is trading near the midpoint of its current channel, with neither bulls nor bears able to dominate. This equilibrium is further supported by declining trading volumes, a classic indicator of market indecision. Such conditions typically precede a consolidation phase, where prices stabilize before a potential breakout or breakdown. Market…

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Filed under: News - @ July 26, 2025 4:34 pm