SHIB Consolidates in a Tight Range, Calm Before the Storm?

SHIB’s volatility and volume have been low in the past few days, indicating that a consolidation period is taking place before it can make another move. Usually, when the price is stuck within a tight range, it anticipates a major breakout. Until then, the price has formed a range between the $0.000050 support and $0.000055 resistance levels.

The fact that SHIB managed to exit the descending triangle shows that the downtrend has stopped, at least for now. If bulls come in force, they can push SHIB back on the uptrend.