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The market continues to decline today, second CoinMarketCap.
SHIB/USD
The rate of SHIB decreased by 6.41% in the last 24 hours.
In the hourly chart, the price of SHIB is close to the local support of $0.00000889. If it is not recovered, we can expect a further decline to the range of $0.00000880.
Over the longer term, the rate of SHIB is far from key levels. In this case, one should focus on the closing of the daily bar in relation to the minimum of yesterday’s candle.
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If it happens around or below, the correction is likely to continue to the $0.00000832 support.
From the midterm point of view, there are no signs of reversal. If the discovery of the $0.00000832 level happens, there is a high chance of witnessing a test of the $0.00008 zone.
SHIB is trading at $0.00000896 at press time.
