The cryptocurrency market is experiencing a general decline, with the SHIB token falling by 3.37% since yesterday. On the hourly chart, the price of SHIB is approaching a local support level at $0.00001732, and if it breaks that support, the price could test the $0.000017 range by tomorrow. On a larger time frame, there are no signs of a reversal yet, and if buyers do not take control by the end of the day, there is a possibility of further decline to the $0.00001650-$0.000017 range next week. From a midterm perspective, the weekly candle is expected to close significantly below its peak, indicating a potentially bearish trend. At the time of writing, SHIB is trading at $0.00001733.



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