As a seasoned crypto investor with battle scars from numerous market cycles, I’ve learned to weather the storm and maintain my composure during turbulent times like these. The recent 9% decline of SHIB over the past day is just another reminder that the cryptoverse can be as unpredictable as a rollercoaster ride at Coney Island.
The market has turned to red at the end of the week, according to CoinStats.
SHIB/USD
The price of SHIB has declined by almost 9% over the last day.
On the hourly chart, SHIB’s price is close to its local support at approximately $0.00002428. If selling pressure persists, there might be a breakthrough of that level, leading to a potential drop within the range of $0.00002350 to $0.000024.
Looking at the broader perspective, Shiba Inu’s price seems to be trending downward following yesterday’s bullish close. If today’s candle closes close to its bottom, this downtrend might push the price towards retesting the support level of approximately $0.00002283 in the coming week.
Looking at the midpoint analysis, neither party has a clear lead since the Shiba Inu‘s rate sits comfortably within its broad range.
In this case, sideways trading in the zone of $0.000024-$0.000028 is the more likely scenario.
SHIB is trading at $0.00002478 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- PlayStation and Capcom Checked Another Big Item Off Players’ Wish Lists
- EUR CAD PREDICTION
- Black Ops 6 Zombies Actors Quit Over Lack Of AI Protection, It’s Claimed
- APU PREDICTION. APU cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- POL PREDICTION. POL cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- EUR INR PREDICTION
2024-11-24 19:11