As a seasoned crypto investor with battle-hardened nerves and a portfolio that has weathered countless market storms, I find myself standing at the crossroads once again. The latest report from CoinStats suggests a potential downturn for SHIB, and while I’ve seen this movie before, the dance is always different.
The bulls do not seem powerful enough to keep the growth going, according to CoinStats.
SHIB/USD
The rate of SHIB has gone down by 2.31% over the last 24 hours.
As a crypto investor, I’ve noticed on the hourly chart that the price of SHIB has breached its local support level at $0.00001313. Until we dip below this point, it seems the bears might have the upper hand compared to the bulls.
In this case, growth may continue to the $0.00001280 range.
From my perspective as a crypto investor, a bearish outlook is evident on the daily chart. If the candlestick ends near current levels, the built-up momentum could potentially trigger a breakout of support, leading us to the $0.00001150 zone in a swift surge.
Looking from a mid-point perspective, the current state seems rather parallel. Without any indications for a change in direction, traders might anticipate a continuous decline towards the $0.00001 level until the end of this month.
SHIB is trading at $0.00001305 at press time.
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2024-09-11 18:58