The overall cryptocurrency market is seeing a drop in prices, and specifically, the price of SHIB has declined by 7.47% since yesterday. On the hourly chart, SHIB experienced a false breakout of the local support level at $0.00001305. If the daily bar closes near this mark, there may be a test of the $0.00001250 area soon. On a larger time frame, SHIB has rebounded from the interim level of $0.000013, but if a breakout occurs, there could be a continued drop to $0.00001231. In the midterm, it is important to monitor the closure of the weekly candle in relation to the support level of $0.00001231. If it closes below this level, there is a possibility of a test of the vital area of $0.000010. At the time of writing, SHIB is trading at $0.00001353.



Other News from Today