According to CoinStats, most cryptocurrencies are likely to continue to drop. The price of SHIB has fallen by 3.83% in the last day and has made a false breakout of a support level. If a bounce back does not happen soon, the price may decline further. Bears are currently more powerful than bulls on the bigger time frame, and there may be a test of support at a lower level. In the midterm, traders should pay attention to the candle's closure at a certain level, as a breakout could lead to a more significant correction. Currently, SHIB is trading at $0.00001232.



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