Price Trend of $SHIB

The price of SHIB has dropped by 3.34% in the past 24 hours, reflecting a short-term bearish sentiment.

However, on the hourly chart, SHIB shows signs of recovery, bouncing back from the local support level of 0.00002707. If buyers can maintain this upward momentum, the price may gather enough strength in the short term to test the resistance area of 0.000028.

On the daily chart, SHIB is still far from the nearest support level of 0.00002683, indicating that buyers have not accumulated enough momentum for a stronger rise. In this case, as market participants await further signals, a sideways trend between 0.000027 and 0.00002850 seems to be the most likely scenario.

From a medium-term perspective, the focus is on the weekly close. A closing price that breaks through the key level of 0.00002659 and moves away from the support level of 0.000024 may indicate a potential rebound to the 0.000030 area.

The trading price of SHIB is $0.00002745, as market participants watch for a decisive breakout while positioning in a consolidation phase.