The cryptocurrency market continues to experience pressure, particularly the meme coin SHIB is showing negative dynamics. This article presents current data and forecasts for this asset.
Current Situation in the SHIB Market
The price of SHIB has decreased by 4.13% over the past 24 hours. On the hourly chart, the local resistance level of $0.00001155 was tested. Trading volumes are increasing, indicating a chance for continued upward movement.
Short-term Predictions
Current data suggests that if the daily candle closes around or above the current price with a long wick, it may signal further growth. If the price is far from the support level of $0.00001082, a rebound towards $0.000012 is expected.
Long-term Trends
According to the weekly chart, it is too early to make distant predictions with only a few days left until the candle closure. If the candle closes around current prices, the most likely scenario will be sideways trading in the range of $0.000011-$0.000013.
Currently, SHIB is trading at $0.00001144. The market remains volatile, and further price movements will depend on trade volumes and support levels.
