In the ever-growing menagerie of cryptocurrency, SHIB is today’s featured furball, according to the animal keepers at CoinMarketCap.
SHIB/USD: The Pup’s Tale
SHIB has managed to grow by a whisker—0.09% in the last 24 hours. It’s like it’s trying to reach the treat jar on the counter. So close, yet so far.
On the hourly chart, SHIB’s rate is sniffing around the local support level of $0.00001567. If it doesn’t get a treat by the end of the day, expect a tantrum, followed by a plop down to the $0.00001550 dog bed.
On the bigger time frame, SHIB’s price is out in the yard, far from the doghouse. Consequently, the barking volume is quieting down, suggesting a low likelihood of sudden zoomies or collapses in the next few days.
From the midterm perspective, it’s a similar dog-and-pony show.
If the weekly treat bowl stays around current prices, SHIB might just curl up in a narrow range of $0.000015-$0.000017 by week’s end.
As the press bell rings, SHIB is fetching at $0.00001595.
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2025-02-11 19:05