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The crypto market keeps facing a correction, according to CoinStats.
$SHIB/USD
The rate of $SHIB has declined by 2% over the past day.
On the hourly chart, the price of $SHIB is falling after setting a local resistance of $0.00000985. If buyers cannot seize the initiative, one can expect a test of the support by tomorrow.
On the longer time frame, the rate of $SHIB is far from the support and resistance levels. The volume remains low, which means neither buyers nor sellers have accumulated enough energy for a sharp move.
In this case, sideways trading in the area of $0.000095-$0.000010 is the most likely scenario.
From the midterm point of view, the situation is similar. However, if the price failes to fix above the interim zone of $0.000010, traders can expect a test of the $0.00000832 support shortly.
$SHIB is trading at $0.00000976 at press time.
cryptopolitan.com
coindesk.com
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