Over the past day, there has been a 10% decrease in the SHIB rate.
The daily closure in relation to the local resistance level of $0.00003947 should be observed on the hourly chart. If the candle closes in on that level, growth might soon reach the $0.000040–$0.000042 range.
But there's a chance to witness a test of the crucial $0.000050 zone if buyers can take the lead and the bar closes above it without a long wick.
Although there aren't any reversal signals on the weekly chart yet, one should pay attention to the bar closure. Traders may see a correction to the closest support zone, which is around $0.000030, if it occurs far from its peak.
