Unleash Your Potential: SHIB Price Forecast for June 2 - Insights for Savvy Crypto Investors

Cryptocurrency Market Sees Mixed Performance, SHIB Holding Steady

While most cryptocurrencies are currently in the red, a few exceptions stand out according to CoinStats data. Shiba Inu (SHIB) has notably maintained a relatively stable position amid the market fluctuations.

Over the past 24 hours, SHIB's price has seen a modest decline of just 0.79%. The hourly chart shows SHIB trading within a tight range, finding support at $0.00001264 while facing resistance at $0.00001297.

Given current market conditions, significant price movements for SHIB appear unlikely in the immediate future. On longer time frames, neither buyers nor sellers have gained clear dominance as the price remains distant from key support and resistance levels.

For SHIB to regain bullish momentum, buyers would need to push the price back above the $0.000013 threshold. However, the medium-term outlook suggests a different scenario - continued selling pressure could potentially drive the price down toward the $0.000012 support level.

As of this writing, SHIB is trading at $0.00001283.