Shiba Inu (SHIB) is trading at $0.058644, marking a 1.8% daily decline, as it remains confined within a narrow range. Despite the dollar's weakness, SHIB has shown relative strength, gaining 3.9% against Bitcoin and 3.1% against Ethereum. The token's price action is limited between support at $0.058497 and resistance at $0.05899, reflecting reduced volatility and a market awaiting stronger directional cues. The current trading pattern highlights SHIB's resilience against major cryptocurrencies, even as its dollar value declines. This divergence underscores shifting capital flows in crypto trading pairs. For SHIB to break out of its current range, sustained market participation is necessary, with a move beyond $0.05899 indicating potential upward momentum, while a drop below $0.058497 could signal increased selling pressure.