SHIB’s future trend analysis
Recent rate updates
Recently, SHIB's rates showed an increase of 0.17% within 24 hours, showing a certain degree of market activity. Hourly chart trend
Looking at the hourly chart, the price of SHIB shows rising potential, and its trading price is close to the resistance position of $0.00002727. If the buyer’s power in the market can maintain its dominance until the end of the trading day, the price is expected to break through the $0.000028 area. Analysis on larger time frames
On a more macro time scale, SHIB’s exchange rate briefly broke above the previous day’s low of $0.00002570. If the day's close is far away from this mark, the price rebound could quickly reach a test point of $0.000030. Possible downside risks
However, if the price closes near or even below this mark, the accumulated selling pressure could push the price towards the support at $0.00002380. Mid-term market outlook
From a medium-term perspective, the market situation appears more complex. Traders should pay close attention to the last candle’s low on the weekly chart, which was $0.00002745. Once the price breaks below this point, the market may correct further towards the $0.000025 area.
