Today, most cryptocurrencies in the top 10 are showing a decline, including SHIB, which has decreased by 3.79% over the last 24 hours. Let's examine the current situation and predictions.
Overall State of Cryptocurrency Markets
According to CoinStats, most cryptocurrencies in the top 10 are showing a decline. This confirms the current market trend, where selling activity is observed.
SHIB Price Dynamics
The price of SHIB has fallen by 3.79% in the last 24 hours. On the hourly chart, the price is closer to the support level than to the resistance level. If current prices hold, a test of the $0.000013 zone can be expected.
Outlooks and Predictions
In the longer term, the picture appears more bearish. A breakout below the $0.00001282 support may lead to a decline to the $0.000012-$0.00001250 range. However, if the interim level at $0.000013 is broken, it may open the path to test the $0.0000110-$0.000012 range.
Thus, the current trends in the cryptocurrency market continue to remain negative. Specifically, SHIB shows a significant decline, and further price changes will depend on support levels and demand.
