- SHIB was up by 3.3% over the course of 24 hours to reach $0.056521 and trade around the resistance point of $0.056545.
- The token beat Bitcoin and Ethereum by 3.3% and 3.2% respectively.
- The price was trading in a very narrow range between the price support of $0.056186 and the price resistance of $0.056545.
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. 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.
Source:
TradingView
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.
