The majority of coins in the cryptocurrency market are currently experiencing a decline, according to CoinStats. Specifically, the price of SHIB has decreased by 7.59% over the past day. However, on the hourly chart, the price of SHIB has rebounded from a support level of $0.00002395, suggesting that further growth towards the $0.000025 area may occur if the daily bar does not close far from this support level. On the larger time frame, the situation is more bearish, as the rate is closer to a support level. If bearish pressure continues, there is a possibility of a breakout and a move to the $0.000021-$0.000022 range. In the midterm, neither bullish nor bearish domination is apparent, making ongoing sideways trading the more likely scenario until the end of the week. At present, SHIB is trading at $0.00002401.



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