As a seasoned crypto investor with years of experience under my belt, I’ve learned to take the volatility of the market in stride. However, it’s disheartening to see the price of most coins, including SHIB, continuing their downward trend according to CoinMarketCap.
Following a minor rebound, the majority of cryptocurrencies continue to decline in value, based on data from CoinMarketCap.
SHIB/USD
The rate of SHIB has fallen by 4.56% over the last day.
On the hourly chart, the price of SHIB is in the middle of the local channel.
If the price trend persists and reaches the resistance level, a breakthrough is likely, resulting in a potential advance to the $0.0000222 mark.
As a crypto investor, I’ve noticed that on the larger time frame, the price of SHIB is returning to the support level of around $0.00002078. If this level gives way in a breakout, the accumulated energy could potentially lead to a more significant drop down towards $0.000020.
If the weekly chart displays a comparable image to the present one, traders could encounter a retest of the $0.000018 level upon the candlestick’s closure near current prices.
SHIB is trading at $0.00002157 at press time.
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2024-06-13 21:24