CandleFocus SHIB Price Prediction for January 8
2025-01-08
Author: Content Editor
The rate of SHIB has fallen by almost 10% in the last 24 hours. The price of SHIB is currently in a narrow channel between a support level of $0.00002123 and a resistance level of $0.00002198 on the hourly chart. However, if buyers' pressure persists, there is a possibility of testing the upper level soon. On a longer time frame, there are no signals indicating a reversal yet, suggesting the potential for further downward movement. From a midterm perspective, sellers are attempting to regain control. If the weekly candle closes around $0.00002050 or lower, a correction to the $0.000019 zone is likely. At present, SHIB is trading at $0.00002163.
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