CandleFocus SHIB Price Prediction for October 9
2024-10-09
Author: Content Editor
The crypto market is seeing weaker buyer activity, as many coins have returned to the red zone. The rate of SHIB has dropped by 0.48% over the past 24 hours. On the hourly chart, SHIB is testing a local support level of $0.00001732, and if it breaks out, further decline to the $0.000017 zone is likely. On the daily time frame, traders should focus on the interim area of $0.000017, as a close below this level could lead to a more significant decrease to the $0.000016-$0.00001650 range. From a midterm perspective, the price of SHIB is far from key levels, and buyers will need to restore the rate to the resistance of $0.00002017 to regain momentum. In that case, growth to the $0.000022-$0.000024 area can be expected. Currently, SHIB is trading at $0.00001736.
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