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The crypto market is mainly falling today, according to CoinStats.
SHIB/USD
The price of SHIB has declined by 0.42% over the last day.
On the hourly chart, the rate of SHIB is closer to the support than to the resistance level. However, if the growth continues, one can expect a test of the resistance by tomorrow.
On the bigger time frame, the situation is also more bearish than bullish.
If the daily bar closes below $0.00001397, traders may witness a support breakout, followed by a move to the $0.00001350 zone.
From the midterm point of view, one should pay attention to the weekly bar closure in terms of the nearest level of $0.00001397. If the candle closes below it, the fall may continue to the $0.000012 area.
SHIB is trading at $0.00001438 at press time.
Vladislav Sopov
U.Today Editorial Team