SHIB Price Holds Firm as Bulls Eye Breakout Above $0.00001300

• SHIB holds strong support near $0.00001265, showing resilience despite volatility.
• Rising volume to $146.88M signals steady trader interest amid weak momentum.
• Burn rate dropped 89%, slowing deflation but supply remains significantly reduced.

Shiba Inu (SHIB) has shown resilience in recent trading sessions, maintaining upward momentum despite sharp intraday fluctuations. The token is currently priced at $0.00001284, reflecting a modest 0.57% gain over the past 24 hours. 

While the market remains cautious, SHIB’s technical patterns, volume activity, and supply dynamics point to a potentially bullish setup. The meme coin appears to be consolidating above key support levels, hinting at a breakout attempt if bullish sentiment sustains.

Key Support and Resistance Zones Define SHIB’s Intraday Path

SHIB has established a strong support base between $0.00001265 and $0.00001270. This range has repeatedly absorbed selling pressure, with quick recoveries signaling buyer interest. A brief dip to $0.00001260 formed a lower wick this deeper level may act as emergency support if prices retrace again.

On the flip side, resistance remains fi…

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