CandleFocus

SHIB Price Prediction for October 22

Author: Content Editor
The article states that some cryptocurrencies have reached new local highs, while others have dropped back into the negative zone. Specifically, the SHIB token has experienced a 0.25% increase in value over the past 24 hours. The price of SHIB has rebounded from a support level of $0.00001801 on the hourly chart, indicating potential growth towards a resistance level in the near future. On a larger time frame, traders should pay attention to the closing of the current candle in relation to the previous day's low. If it closes below that level, there may be a significant decline to the range of $0.000017-$0.00001750. From a midterm perspective, it is advised to wait for the weekly candle to close for potential insights. Currently, SHIB is trading at $0.00001817.

Related News