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SHIB Price Analysis: Current Status and Predictions

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by Giorgi Kostiuk

5 hours ago

After yesterday's drop, the crypto market shows signs of recovery. SHIB cryptocurrency has risen by 7.15% in the last 24 hours.

Current Status of SHIB

Currently, SHIB is priced at $0.00001388. On the hourly chart, the price of SHIB is approaching a resistance level of $0.00001406, with increasing trading volume suggesting potential upward movement towards the $0.00001450 zone.

Short-Term Predictions

On longer time frames, SHIB is testing the $0.00001397 level again. If the candle closes near this mark without a long wick, a breakout is expected, leading to movement towards the $0.000015 range.

Long-Term Price Levels

From the midterm perspective, traders should keep an eye on the $0.00001362 level for weekly bar closure. If this level breaks, the accumulated energy could suffice for a move towards the $0.000015-$0.000016 area.

SHIB is currently in a state of growth, making it of interest to traders. Monitoring key levels could provide insights into future price movements.

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