SHIB May Drift Sideways Near $0.000012 as Market Correction Persists
The post SHIB May Drift Sideways Near $0.000012 as Market Correction Persists appeared on BitcoinEthereumNews.com.
SHIB price is in a short-term correction: SHIB/USD trades near $0.00001226, holding an hourly support at $0.00001223. Watch daily close for confirmation—failure to hold could push price toward $0.000012. Volume contraction suggests limited directional momentum in the near term. Local support: $0.00001223 on the hourly chart Sideways bias between $0.00001183 support and $0.00001273 resistance Falling volume indicates low conviction; SHIB trades at $0.00001226 SHIB price: SHIB/USD dips to $0.00001226 amid market correction—read key levels and trading outlook. Saturday has started with a market correction, according to CoinMarketCap. Market breadth is narrower and top-cap tokens are seeing modest pullbacks as traders reassess short-term positioning. Top coins by CoinMarketCap What is the current SHIB/USD price action? SHIB/USD has eased 0.46% over the last 24 hours and is trading at $0.00001226 at press time. The pair shows a short-term correction with clear hourly support at $0.00001223; traders should monitor the daily close to confirm any breakout or bounce. How strong is the immediate support and what happens if it breaks? On the hourly chart, the price of SHIB has set a local support at $0.00001223. If the daily candlestick fails to hold above that level, the next meaningful floor is near $0.000012, which could attract additional sellers. Volume has declined, reducing the likelihood of an aggressive move without renewed participation. Image by TradingView Why is sideways trading the most likely scenario? On the larger time frame, SHIB sits mid-channel between $0.00001183 (support) and $0.00001273 (resistance). Neither side shows dominance, and the falling trading volume supports a low-volatility, sideways regime. This suggests limited upside follow-through until a decisive breakout or breakdown occurs. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click…
Filed under: News - @ September 6, 2025 1:27 pm