Shiba Inu (SHIB) remains trapped in a narrow trading range as resistance levels continue to thwart upward price movement. Despite a recent 339% spike in burn activity, the price failed to gain momentum, with volatility remaining compressed. SHIB is currently trading near $0.000005927, struggling below key technical barriers such as the Parabolic SAR level at $0.0000616 and the upper Bollinger Band at $0.0000613. The market shows signs of indecision, with buyers defending lower levels but lacking the conviction to push prices higher. Sellers maintain control near resistance zones, leading to repeated rejections. A breakout above $0.0000616 could shift sentiment in favor of buyers, while a drop below $0.0000571 might expose further downside pressure. Traders are closely watching the next major support level at $0.0000500 as the market awaits a clear directional trigger.