The majority of cryptocurrencies are in the green zone, with SHIB experiencing a 0.59% increase in its rate since yesterday. The price of SHIB has reached a local support level of $0.00001319 on the hourly chart, and if it breaks out, there may be a dump to the $0.000013 zone. On the daily timeframe, SHIB is trading within yesterday's bar, indicating ongoing consolidation in the range of $0.000013-$0.000014. However, from a midterm perspective, the price remains bearish as it has not bounced back significantly from support. If sellers continue to pressure the market, there is a chance of a level breakout and a more significant drop to the $0.000012 level. Currently, SHIB is trading at $0.00001323.



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