Ah, the middle of the week! A time when the market decides to don its most bearish attire, according to the ever-reliable CoinStats. 🐻
SHIB/USD
In a shocking twist of fate, the price of SHIB has plummeted by a staggering 2.64% over the last day. Yes, you heard it right! 📉
Now, if we squint hard enough at the hourly chart, we might just see SHIB attempting to break through the local resistance of $0.00001109. If it manages to do so and the bar closes near its peak, we might just witness a miraculous growth to the $0.00001150 mark tomorrow. Or not. Who knows? 🤷♂️
On a grander scale, the price of SHIB has once again bounced off the support of $0.00001028. However, our dear bulls might need a bit more time to gather their energy for a sharp move. Perhaps a nice cup of tea would help? ☕️
In this regard, the most likely scenario is a consolidation in the narrow range of $0.00001050-$0.00001150. Because why not? Stability is overrated anyway! 😏
From a midterm perspective, one should keep an eye on the weekly candle’s closure around the $0.00001078 level. If it strays too far from this, we might just see a bounce back to the $0.000012 area. Or it could just decide to take a vacation instead. 🌴
As of now, SHIB is trading at a thrilling $0.00001104. Buckle up, folks! 🚀
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2025-04-09 17:47