The rate of SHIB has decreased by 3.32% in the past 24 hours, with most coins remaining in the red zone. The price of SHIB on the hourly chart is currently between the support of $0.00002071 and the resistance of $0.00002151. Any significant price movements are not expected today as most of the Average True Range (ATR) has already been passed. One should focus on the nearest level of $0.00002053 on the bigger time frame, with a possible breakout leading to a test of the $0.000020 range. From a midterm perspective, the outlook is bearish, and if the rate falls below $0.00002095, there may be an ongoing correction to the $0.000018 mark. At the time of writing, SHIB is trading at $0.00002124.



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