SHIB has fallen into inertia after witnessing a sharp rejection from the $0.0000290 resistance since Monday. The meme coin recorded a 12% dip to the $0.0000260 low on Monday, as it slipped below the critical $0.0000275 support line, where it currently struggles to retake.

That said, we could see an extension of the prevailing sideways pattern for a while longer, and a possible drop to the $0.0000265 level as the price eases out of overheated conditions. A return to oversold territories on my 4-hour Stochastic indicator should help Shiba Inu attract massive dip-buying and retest the $0.0000290 – $0.0000300 zone in the near term.

Meanwhile, my resistance levels are $0.0000275, $0.0000290, and $0.0000300, and my support levels are $0.0000260, $0.0000250, and $0.0000240.

Total Market Capitalization: $2.14 trillion

Shiba Inu Market Capitalization: $14.9 billion

Shiba Inu Dominance: 0.69%

Market Rank: #15