SHIB, which fell by 5.44%, is hardly an exception to the norm. Picture courtesy of TradingView
The price of SHIB appears negative on the local time frame, notwithstanding today’s decline. There may be enough energy built up for a breakout and a move to the $0.000016 level if the rate returns to the support of $0.00001635.Picture courtesy of TradingView
The bar’s closing about the temporary support level of $0.00001696 should be observed on the daily chart.
The correction is expected to continue to $0.00001519 if the candle closes below it. Picture courtesy of TradingView
Over a longer period, SHIB’s price is well below the key levels. But within the following two weeks, one can anticipate a test of the $0.000015 level if the bar closes below the previous candle low.
As of press time, SHIB is trading at $0.00001680.
