SHIB Price Trapped Between Support and Resistance

The SHIB price maintained its narrow trading range on July 4, 2026, as Shiba Inu saw modest gains in both daily and weekly charts.

Data showed higher activity, but technical signals indicated resistance limiting momentum. Whale-linked holdings raised concerns for traders.

As of writing, the SHIB price is at $0.000004378, with a 1.12% increase over the past day and a 3.32% gain over the last week.

Crypto analyst Crypto With Gopal noted that Shiba Inu has formed a rectangle consolidation formation, which could potentially be a double top formation.

The price of SHIB continues to attract buyers within its trading range, with sellers' resistance at the upper border being repeatedly rejected.