The cryptocurrency SHIB is experiencing downward pressure on the last day of the week, as sellers continue to exert pressure. The price of SHIB has fallen by 2.07% since yesterday and has broken a local support level on the hourly chart. If bulls fail to regain control by the end of the day, the price drop may test the $0.00002360 zone soon. On a larger time frame, traders should pay attention to the low point of yesterday's trading session. If the daily closure happens around that level, there may be an ongoing correction to the $0.000023 range. However, from a midterm perspective, the outlook is more positive. If the weekly closure occurs near the resistance of $0.00002408, there is potential for an upward move towards the $0.000026 mark. Currently, SHIB is trading at $0.00002385.



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