The middle of the week is bearish for most of the coins, according to CoinStats.
![Article image]()
SHIB chart by CoinStats## SHIB/USD
The rate of SHIB has dropped by 5% since yesterday.
![Article image]()
Image by TradingViewOn the hourly chart, the price of SHIB is on the way to the local support at $0.00000883. If a breakout happens, the decline may lead to a test of the $0.00000850 mark.
![Article image]()
Image by TradingViewOn the bigger time frame, the rate of SHIB is going down after a failed attempt to fix above the $0.000010 zone.
If the daily bar closes near its low, traders might witness an ongoing decline to the $0.0000080-$0.00000850 range by the end of the week.
![Article image]()
Image by TradingViewFrom the midterm point of view, the price of the meme coin is far from the main levels. The volume remains low, which means there are low chances to see sharp moves soon.
SHIB is trading at $0.00000882 at press time.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu Price Shows Short-Term Strength: SHIB Could Rally 50% If This Happens
Shiba Inu has been quietly building something that caught the interest of traders. After months of grinding lower within a descending channel, Shiba Inu finally showed signs of life. WorldOfCharts shared the setup on X, noting that SHIB has given a clean breakout from the counter trendline, sho
CaptainAltcoin10h ago
Shiba Inu Edges Toward $0.055864 Barrier as 24-Hour Gains Lift SHIB to $0.055848
SHIB also rose by 4.2 per cent in 24 hours to hit its highs at $0.055848, and has continued to climb consistently.
Positive cross-market performance is reflected in SHIB gaining 3.8 percent versus BTC and 2.9 percent versus ETH.
The resistance at $0.055864 and the support at $0.055614
CryptoNewsLand11h ago
BlockDAG News: Ethereum Scaling Warnings Intensify As DOGE, SHIB, and PEPE Holders Rotate Into Pe...
Ethereum researchers are warning about growing technical strain, and those warnings are spreading into BlockDAG news across the market. As Ethereum complexity rises, newer designs are gaining attention, according to CoinDesk.
In environments like this, meme coin holders focus less on protocol
BlockChainReporter11h ago
