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SHIB price is trading at $0.00001246, up 2.8% in 24 hours, signaling short-term bullish momentum after a failed breakdown of $0.00001242; unless bears reclaim that support, the most likely near-term scenario is sideways trading between $0.000012 and $0.000013.
SHIB price up 2.8%: trading near $0.00001246 after a false breakdown of $0.00001242
Short-term outlook: likely sideways range $0.000012–$0.000013 unless clear breakout occurs
Volume decline suggests low conviction; a decisive move would follow a breakout of the $0.000012 zone
SHIB price update: SHIB trades near $0.00001246, up 2.8%; near-term sideways outlook — read key levels and actionable takeaways.
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The rates of most coins have returned to the green zone, according to CoinStats, with Shiba Inu showing a modest intraday gain. Market participants note reduced trading volume, which often precedes a clearer directional move.
SHIB chart by CoinStats
What is the current SHIB price outlook?
SHIB price is trading at $0.00001246, reflecting a 2.8% rise over the last 24 hours. The short-term outlook remains cautiously bullish after a failed breakdown of the $0.00001242 support; absent a decisive breakout, expect consolidation in the $0.000012–$0.000013 band.
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How did SHIB move in the last 24 hours?
SHIB/USD rose 2.8% in the past 24 hours, according to CoinStats. Intraday charts show recovery after a false break below $0.00001242. TradingView-sourced intraday visuals indicate buyers re-entered near that level, preventing a sustained drop.
Image by TradingView
Why is volume important for SHIB’s next move?
Volume has declined across short and mid time frames, suggesting neither bulls nor bears currently have conviction. Lower volume favors range-bound action; a meaningful breakout will likely require above-average volume to confirm direction.
Image by TradingView
When could SHIB test lower targets?
If SHIB breaks down decisively below the nearest support zone at $0.000012, accumulated downside momentum could target the $0.000010–$0.000011 area in the midterm. Traders should watch daily closes and volume for confirmation.
Given current conditions, sharp directional moves are unlikely in the immediate term. Sideways trading remains the most probable scenario while volume stays low and price remains between $0.000012 and $0.000013.
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Image by TradingView
Frequently Asked Questions
How to monitor SHIB price action (quick guide)
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Key Takeaways
Current price: SHIB trades at $0.00001246, up 2.8%.
Short-term bias: Sideways range $0.000012–$0.000013 unless breakout confirmed by volume.
Risk management: Monitor daily closes and volume; a break below $0.000012 could target $0.000010–$0.000011.
Conclusion
SHIB price shows modest recovery amid low volume, leaving the market in a consolidation phase. Traders should watch the $0.000012 zone closely for signs of conviction. COINOTAG will continue monitoring on-chain metrics, volume trends, and price action to report developments.
