Currently, many cryptocurrencies from the top 10 are showing negative dynamics. Let's take a closer look at the situation with SHIB.
Current Information on SHIB
The price of the SHIB cryptocurrency has decreased by 1.88% over the last 24 hours. At present, the price of SHIB is $0.00001122. On the hourly chart, there is a false breakout of the support level at $0.00001121.
Short-term Predictions
If the SHIB rate does not recover by the end of the day or remains below the $0.00001121 level, further declines can be expected towards the $0.00001110 zone. Currently, there are no reversal signals.
Long-term Prospects
In the medium term, it is advisable to wait until the end of the week. If bulls cannot take initiative and the bar closes around current prices or lower, this may lead to a correction towards the $0.00001028 support.
Thus, the current situation around the SHIB cryptocurrency requires careful analysis and monitoring, as further changes in price are possible.
