Bears are back in the game after a slight market bounce back, according to CoinStats.
SHIB/USD
The rate of SHIB has gone down by almost 5% since yesterday.
On the hourly chart, the price of SHIB is approaching the local support of $0.00001022. If buyers cannot seize the initiative, one can expect a level breakout, followed by a further correction to the $0.000010 area.
On the longer time frame, bulls are not ready yet to seize the initiative.
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If the daily candle closes around the current prices or below them, the decline may continue to the $0.0000095 mark.
From the midterm point of view, the situation will be bearish until the price is below the mirror level of $0.00001145. The ongoing drop is the most likely scenario until the end of the month.
SHIB is trading at $0.00001034 at press time.