According to CoinStats, the crypto market may need time to gain momentum for a future move. The price of SHIB has recently dropped by almost 17%, remaining bearish on the hourly chart and approaching a support level of $0.00002333. If bearish pressure continues, there is a possibility of a level breakout and a test of the $0.000023 area. Traders should also pay attention to the daily closure around the $0.00002440 level, as a correction could lead to a test of the $0.000021-$0.000022 range. On the weekly chart, SHIB has experienced a false breakout of the resistance level at $0.00002954, and if the bar closes at or below the current prices, traders may see a test of the support level by the end of the month. Currently, SHIB is trading at $0.0000024.



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