The article reports that most cryptocurrencies are reaching new local peaks, but the rate of SHIB has fallen by 2.79% in the past day. The price of SHIB is breaking local support at $0.00001777, and if it closes below this mark, there is a likelihood of a drop to the $0.000017 area. On a bigger time frame, bears are still strong, and if today's bar closes below yesterday's low, there may be a test of the $0.000016-$0.000017 zone in the coming days. Neither bulls nor bears are dominating in the midterm, and buyers may only consider an upward move if the rate reaches $0.000020. Currently, SHIB is trading at $0.00001794.



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