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Bears are trying to return to the game, according to CoinStats.
SHIB/USD
The rate of SHIB has declined by 2.55% over the last 24 hours.
On the hourly chart, the price of SHIB has made a false breakout of the local support level of $0.00002781. However, one should pay attention to the daily candle closure.
Denys SerhiichukIf it happens far from that mark, growth may continue to the $0.000029 area.
On the bigger time frame, the rate of SHIB has once again bounced off the $0.00002954 level. If the bar closes below yesterday's low, the correction may continue to the $0.000027 zone shortly.
From the midterm point of view, it is too early to make any distant predictions as a few days remain until the bar closes. If the return to the $0.000029 zone does not happen, there is a possibility to see a further decline to the $0.000025-$0.000026 range.
SHIB is trading at $0.00002790 at press time.
Alex Dovbnya
Dan Burgin
Vladislav Sopov