CandleFocus SHIB Price Prediction for November 24
2024-11-24
Author: Content Editor
The cryptocurrency market has turned red towards the end of the week, with the price of SHIB decreasing by almost 9% in the last day. On the hourly chart, SHIB is currently near a local support level of $0.00002428. If selling pressure persists, it is expected that there will be a level breakout, followed by a drop to the $0.00002350-$0.000024 range. On a larger time frame, the price of SHIB is declining after a previous bullish closure. If the candle closes near its low, there may be a further decline towards the support of $0.00002283 in the upcoming week. In the midterm, neither the buyers nor the sellers are dominating as SHIB's rate is in the middle of a wide channel. This suggests that sideways trading between the $0.000024-$0.000028 range is the more likely scenario. At the time of writing, SHIB is trading at $0.00002478.
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