According to CoinStats, the crypto market has experienced a bearish day, with the price of SHIB falling by 4.42% since yesterday. The hourly chart shows a bearish trend, and if the bulls cannot push the price above the resistance of $0.00001752, the correction is likely to continue to the $0.000017 zone. There are no reversal signals on the bigger time frame, so traders may see a test of the $0.00001650 area soon. From a midterm perspective, SHIB has not gathered enough momentum for a significant move, suggesting that sideways trading between $0.000016 and $0.000019 is the more probable scenario. Currently, SHIB is trading at $0.00001721.



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