Will SHIB Crash to $0.000019? 🤯

Oh hello there, dear diary. It’s me, Bridget, and I’ve got the latest on the SHIB price prediction for January 26. 📈

SHIB/USD

Well, well, well… the prices of most coins are soaring today, but not our beloved SHIB. 😣 According to CoinStats, the rate of SHIB has taken a tiny dip of 1.10% over the last 24 hours. 💩

Looking at the hourly chart, poor SHIB seems to be having a bit of a bear hug. 🐻 On the bright side, if the rate doesn’t bounce back above $0.000020 soon, we might see a support breakout, followed by a further correction to the $0.00001960-$0.00001970 zone. Fingers crossed! 🤞

Now, on the bigger time frame, traders should keep an eye on the nearest support level of $0.00001954. If the daily bar closes near it or below, the fall is likely to continue to the $0.000019 area. Oh, the suspense! 😱

And let’s not forget about the weekly chart, where bears seem to have the upper hand. If the candle closes around the current prices, there’s a chance of a test of the $0.000016-$0.000018 range within the next few days. 🤔

At press time, SHIB is trading at $0.00001993. Stay tuned for more updates, dear diary. 📘

Read More

2025-01-26 18:47