SHIB price is ranging inside a demand zone that extends from $0.0000117 to $0.0000168. A decisive close above the 50 four-hour SMA at $0.0000214 will confirm the start of an uptrend. This move could trigger a 33% upswing to $0.0000286, which is the supply zone’s lower boundary. SHIB price has been ranging since May 13 but recently dipped into a crucial demand zone. Although Shiba Inu swept below this support area, it has managed to recover despite remaining range-bound. SHIB price needs to establish clear trend SHIB price turned bearish when it pierced the lower boundary of the demand zone, extending from $0.0000117 to $0.0000168. However, the swift recovery indicated otherwise. Regardless of this move, Shiba Inu is still consolidating inside the support area mentioned above. Although a move past $0.0000168 is bullish, a confirmation will arrive when SHIB price shatters the 50 four-hour Simple Moving Average (SMA) at $0.