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The market is going down on the last day of the week, according to CoinMarketCap.
SHIB/USD
The rate of SHIB has declined by 2% over the last 24 hours.
On the hourly chart, the price of SHIB is falling after a breakout of the local support at $0.00000774. If the situation does not change by the end of the day, one can expect a test of the $0.00000760-$0.00000770 range soon.
On the bigger time frame, the picture is also bearish. The rate is on the way to the support at $0.00000765.
If a breakout happens, the accumulated energy might be enough for an ongoing drop to the $0.00000750 zone.
On the bigger time frame, the price of SHIB is approaching the support at $0.00000678. If bulls cannot seize the initiative, traders may witness a test of the $0.0000060-$0.0000070 range next month.
SHIB is trading at $0.00000774 at press time.
Denys Serhiichuk
Tomiwabold Olajide
Alex Dovbnya