In the cosmic dance of the cryptocurrency universe, the SHIB has taken a rather undignified stumble, according to the all-seeing CoinStats.
SHIB/USD: A Tale of Woe
The SHIB has taken a nosedive, plummeting by a rather unsightly 7% in the blink of an eye. Such is the unpredictable nature of the digital beast.
On the hourly chart, the SHIB’s price is dancing with the bears. Should it trip over the support line of $0.00001690, expect a rather unpleasant visit to the $0.00001650 neighborhood.
On the daily time frame, the sellers are flexing their muscles, leaving the buyers looking rather weak-kneed. If the candlestick closes at these levels, we might be in for a rather gloomy slide to the $0.00001550-$0.000016 zone by week’s end.
In the grand scheme of things, SHIB is waltzing its way to the support level of $0.00001550. If the buyers can’t find their groove, a trip to the $0.000014-$0.000015 range might be on the cards.
As the cosmic clock ticks, SHIB is currently trading at $0.00001711. Such is the whimsy of the digital market.
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2025-02-02 19:05