• SHIB price continued to squeeze above the weak support of $0.0000067 which had previously historically been linked to the bottom of the market.
• The intraday trading remained within the controlled volatility of a support of $0.056499 and resistance of $0.056996.
• The weekly chart had no direction confirmation and the upside reference levels were $0.00001700, $0.00003200, and $0.00004201.
  

Shiba Inu was traded with tight margins as the market attention remained on long-term support which analyst KlejdiCuni identified. According to the recent trades as presented by TradingView, SHIB was stabilizing around historically recorded bottoms with momentum remaining controlled. Consequently, traders followed a weekly framework, close intraday scale, and preset chart targets without direction expansion.

Weekly Chart Highlights Long-Standing 0.0000067 Support

Notably, the weekly SHIB/USDT chart from Binance showed price compressing above the 0.0000067 support zone. The chart marked this area as a repeated historical floor, including prior reactions before strong rebounds. Additionally, the image highlighted March 2024 as the last major rejection before renewed downside compression. 

The presence of prolonged consolidation as opposed to growth in price candles supported the relevance of structural support. In the meantime, the analyst identified the upside reference zones to $0.00001700, $0.00003200, and $0.00004201. These targets aligned vertically with previous reaction levels drawn directly on the chart. Therefore, the visual structure emphasized range persistence rather than breakout confirmation.

Intraday Price Levels and Market Positioning

But intraday data were evidence of cooled movement in specified daily limits. SHIB was at a price of $0.056781 down by 0.4 percent in the previous 24 hours. The support was at $0.056499 and the resistance was at the price level of $0.056996.

This tight band reduced volatility and was in line with the larger weekly compression. In the meantime, SHIB was up 2.6 percent to Bitcoin at 0.0108912 BTC. Meanwhile, it increased by 1.1 per cent against Ethereum at 0.083008 ETH. These gains relative to each other were made without the extension of dollar range.

Key Support Levels Guide Short-Term and Weekly Price Structure

Given current placement, near-term movement depends on reaction around intraday boundaries. Holding above $0.056499 in a bullish scenario may continue to rotate the price to 0.056996 today. On the other hand, bearish case will be any breakdown less than $0.056499 which will reveal the low intraday liquidity.

On the weekly view, sustained defense of $0.0000067 preserves access to higher marked targets. Failure to hold that zone keeps price contained within the long-term base. Thus, both short-term and weekly structures remain defined strictly by visible chart levels.