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A new week has started with the fall of the market; however, there are some exceptions to the rule, according to CoinMarketCap.
SHIB/USD
The rate of SHIB has declined by 0.16% over the past day.
On the hourly chart, the price of SHIB is going down after setting a local resistance at $0.00000816. If sellers' pressure continues, there is a chance to see a test of the support by tomorrow.
On the longer time frame, the rate of the meme coin is far from the support and resistance levels.
However, if the daily bar closes with a long wick, traders may expect an ongoing decline to the $0.00000750 area soon.
From the midterm point of view, there are no reversal signals yet. If the weekly candle closes below the previous bar's low, the drop may lead to a test of the support of $0.00000678 soon.
SHIB is trading at $0.00000792 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team