The cryptocurrency SHIB is currently experiencing a decline in price, with bears in control of the market. The price has dropped by around 7% in the last day. Both the hourly and daily charts indicate a bearish trend, with the potential for a further decrease if the local support level of $0.00001690 is broken. Traders may see a decline to the $0.00001550-$0.000016 zone in the upcoming week. In the midterm, the price of SHIB could reach the support level of $0.00001550 or even the range of $0.000014-$0.000015 if buyers do not take control. As of now, SHIB is trading at $0.00001711.



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