Bears are trying to return to the game, according to CoinStats.
SHIB/USD
The rate of SHIB has declined by 2.55% over the last 24 hours.
On the hourly chart, SHIB‘s price appeared to breach the $0.00002781 support level, suggesting a potential price drop. But it’s crucial to consider the closing price of the daily candles for a clearer understanding of the trend.
If it happens far from that mark, growth may continue to the $0.000029 area.
Looking at the larger time scale, SHIB‘s rate has rebounded from the $0.00002954 mark again. If today’s bar ends up closing below yesterday’s low, the correction could potentially push it down to around $0.000027 in the near future.
Based on where we are currently in the midterm perspective, it’s premature to make definite predictions about the price trend since only a few days remain before the market reaches its closing point. If the price doesn’t revisit the $0.000029 mark, there’s a chance that it could drop further down to around $0.000025 or even $0.000026.
SHIB is trading at $0.00002790 at press time.
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2024-04-09 18:14