According to CoinStats, the bulls are not strong enough to sustain the growth of SHIB. The price has dropped by 2.31% in the last 24 hours and has broken a local support level. This suggests that bears are more powerful than bulls and the price may continue to decline to the $0.00001280 range. On the daily and midterm time frames, the picture is also bearish with the possibility of a support breakout leading to a drop to the $0.00001150 and $0.00001 areas respectively. At the time of writing, SHIB is trading at $0.00001305.



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