SHIB Tests Triangle Support as Momentum Weakens

SHIB trades within converging trendlines, with rising support and descending resistance defining its current daily price structure. RSI is at 43.90 and negative MACD bars signal diminishing momentum as SHIB has been consolidating at higher levels. A reported seven-day high of $0.000006019 puts the $0.000006 threshold back in focus, but sustained strength remains unconfirmed. SHIB is in a pivotal technical crossroads with its contracting triangle approaching less support, and traders are waiting to see if buyers are able to sustain the support trend that has risen.

Source: CryptoNewsLand