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$SHIB Trading range is between $0.0000062 and $0.0000065, with weak momentum
📊Market structure
• Maintained near key support level (~$0.0000060)
• Extended consolidation → forming a rebound attempt
📉Current sentiment
• Market stabilizing after decline
• Preliminary signs of bottom formation
🐋On-chain activity
• Large amounts of funds flowing out of exchanges → accumulation signals
• Increased burn activity reduces supply
⚙️ Ecosystem development
• Shibarium ecosystem growth
• Shifting towards a utility-driven narrative
📈Key levels
• Support: $0.0000060
• Resistance: $0.0000068 – $0.0000070
• After breakout → potentially reaching $0.0000075+