SHIB Price Prediction for March 22

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Written By Maya Cantina

Fri, 22/03/2024 – 18:00

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Sellers have turned out to be more powerful than buyers, according to CoinStats.


SHIB chart by CoinStats


The rate of SHIB has followed the drop of other coins, going down by 2.59%.

Image by TradingView

On the hourly chart, the price of SHIB is trading below the support level of $0.00002653. At the moment, there are no reversal signals yet, which means the drop may lead to the test of the $0.000025 zone soon.

Image by TradingView

On the daily time frame, the rate of SHIB is falling after a false breakout of the $0.000028 area. 

If the bar closes below yesterday’s low, traders may expect a decline to the support of $0.00002380 within the next few days.

Image by TradingView

From the midterm point of view, the price has bounced off the support of $0.00002380. However, if sellers’ pressure continues and the candle closes near the mentioned mark, there is a chance to see a breakout, followed by a blast to $0.000020.

SHIB is trading at $0.00002626 at press time.


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