SHIB Price Prediction: Is the Drop Over or Just Beginning? 🧐

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Well, well, well, according to CoinStats, it seems like the bounce-back party might have come to a screeching halt. Just when you thought things were looking up…

SHIB/USD

SHIB has dropped a decent 3.85% in the last 24 hours. I guess that’s what we call a “market correction,” right? Or, you know, just a good ol’ fashioned crash.

On the hourly chart, the price of SHIB is falling after breaking through the local resistance at $0.00001251. Now, unless the buyers suddenly get some serious motivation, we might see the price drift toward the $0.000012 range. Fasten your seatbelts, folks.

But wait—before you go throwing your phone out the window, let’s zoom out to the bigger picture. There aren’t any clear reversal signals yet. If the daily bar closes around the current price, or—dare we say it—below, then the $0.00001150 area could become a reality by week’s end. Ah, the sweet thrill of uncertainty.

From a midterm perspective, the sellers are still in the driver’s seat, and the volume is lower than a snail’s pace. Looks like the bulls aren’t ready to fight back just yet, so don’t hold your breath for a sudden rally. The downward slide seems to be the more probable outcome at this point.

So, as of this very moment, SHIB is trading at a cool $0.00001238. Let’s hope it finds its way out of this pit, eh? 😬

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2025-03-18 18:36