- SHIB was trading at $0.058592, and is up 0.3 percent in 24 hours, with a tight spread of $0.058301-$0.058619.
- In the market, technical sentiment was bearish with the Fear and Greed Index of 27.
- CoinCodex predicted an upswing of 15.77 percent, which is expected to occur to $0.059769 by February 12, 2026.
Shiba Inu has been trading slightly in the last period, a characteristic of moderate action as compared to overall movement. This movement occurred within a thin trading band and there was a slight case of expansion even though there were fluctuations on a day-to-day basis.
It is important to note that SHIB also gained modestly over Bitcoin and Ethereum, which also shows that the company’s performances are mixed when compared to the leading trading pairs. With the evolution of price action, market participants were particularly interested in the close attention to the technical levels nearby and recent forecast information to determine the positioning in the short term.
Shiba Inu is a decentralized cryptocurrency whose operations are backed by one of the largest community-oriented networks in the digital asset framework.
SHIB Holds Narrow Range as Price Tests Immediate Levels
Shiba Inu was trading within specified limits, as the support was at $0.058301, and resistance was at $0.058619. Nevertheless, there was a constrained extension in the direction due to price being contained in this range.
The 24-hour excursion was a pointer of volatility sparing that conforms to the existing trend of trade. Such similar moves assumed unequal strength in the market and such made sense of the later technical observations.
Technical Indicators Reflect Cautious Market Conditions
Recent indicator data pointed toward subdued sentiment rather than acceleration. According to CoinCodex metrics, technical indicators currently reflect a Bearish stance. Nevertheless, the Fear and Greed Index was 27, which put the sentiment squarely in the Fear zone. SHIB recorded 8 green days during the past 30 days out of 30 sessions.
That accounted for 27% positive closes, alongside recorded price volatility of 8.73%. Together, these figures contextualized current price containment within broader statistical behavior.
CoinCodex Forecast Outlines Defined Price Expectations
Forecast data from CoinCodex projected a measured price adjustment rather than abrupt change. The model estimated a 15.77% increase, targeting a price of $0.059769 by February 12, 2026. Notably, this projection aligned with existing volatility readings rather than elevated expansion. The forecast also corresponded with prevailing sentiment indicators, which remained cautious. As these expectations circulated, traders continued tracking SHIB’s position relative to its immediate support and resistance levels for directional confirmation.
