Shiba Inu (SHIB) has been unable to break out of its narrow trading range for several weeks. This prolonged period of stagnation has led to increased unease among investors and traders.
Resistance levels marked by technical indicators, such as the 200-day moving average, have played a significant role in keeping SHIB's price confined within its current range.
The lack of momentum is reflective of wider market conditions, affecting not only SHIB but other cryptocurrencies as well.
