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The majority of the coins are in the red zone today, according to CoinStats.
SHIB/USD
The rate of SHIB has declined by 7.59% over the last day.
On the hourly chart, the price of SHIB has bounced off the support of $0.00002395. If the daily bar closes far from that mark, growth is likely to continue to the $0.000025 area.
On the bigger time frame, the picture is rather more bearish than bullish as the rate is closer to the support level. If bears’ pressure continues, there is a possibility of seeing a breakout, followed by a move to the $0.000021-$0.000022 range.
From the midterm point of view, none of the sides is dominating as the price of SHIB is far from the main levels. In this case, ongoing sideways trading is the more likely scenario until the end of the week.
SHIB is trading at $0.00002401 at press time.
