SHIB Price Prediction for March 22

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Written By Maya Cantina

Fri, 22/03/2024 – 18:00

Cover image via www.tradingview.com

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

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SHIB chart by CoinStats

SHIB/USD

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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