Shiba Inu's Price Is Basically a Flat Dog: $0.0000060 Resistance Says 'Nope' Again

Shiba Inu continues its masterclass in horizontal price movement, trading at $0.00000609 — up 6.01% in 24 hours — while fundamentally getting absolutely bodied by bearish pressure. The token briefly touched $0.00000628 on March 25 and retested $0.00000616 on March 30, but sellers absolutely crushed both attempts at resistance near $0.0000060. Classic SHIB behavior, honestly. At this point, the chart looks less like a token and more like a floor rug that dogs have decided is simply too boring to even sniff.

Analyst Crypto Patel pointed out that the 4-hour structure has officially weakened. Price keeps making lower highs now, which is basically the chart equivalent of a sad dog retreating to its corner. The $0.0000060 zone lines up with a higher-timeframe order block that's been capping upside like a bouncer at an exclusive club. If rejection happens again from this level, downside targets come into play: first $0.00000562 (roughly 6% below current prices), then $0.00000523 (about 12% down). Not great, not terrible, just vibes. The bears are essentially playing keep-away and winning.

On-chain data isn't doing SHIB any favors either. Exchange netflow