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The market is falling on the last working day of the week, according to CoinStats.
SHIB/USD
The price of SHIB has fallen by 3.89% over the last 24 hours.
On the hourly chart, the rate of SHIB is going down after a false breakout of the resistance of $0.00001375. If bulls cannot seize the initiative soon, traders may witness a test of the $0.000013 mark shortly.
On the longer time frame, the situation is rather more bearish than bullish as the price of the meme coin is near the support of $0.00001282.
If the daily bar closes below that mark, the accumulated energy might be enough for a move to the $0.000012 range.
From the midterm point of view, the rate of SHIB is declining after a false breakout of the resistance of $0.00001584. If the weekly candle closes around the current prices or below, there is a possibility of seeing a test of the $0.000011-$0.000012 range.
SHIB is trading at $0.00001343 at press time.
Vladislav Sopov
U.Today Editorial Team