Sellers keep their pressure on the last day of the week, according to CoinMarketCap.
Top coins by CoinMarketCapSHIB/USD
The rate of SHIB has fallen by 1.68% since yesterday. Over the last week, the price has fallen by 6.88%.
Image by TradingView
On the hourly chart, the rate of the altcoin is in the middle of the local channel. However, if the price reaches the $0.00002330 mark, there is a chance of a resistance breakout, followed by a move to the $0.00002360 zone.
Image by TradingView
On the daily chart, traders should pay attention to the interim level of $0.000023. If the bar closes below it and with no long wick, the decline is likely to continue to the $0.000022 range the upcoming week.
Image by TradingView
From the midterm point of view, the price of SHIB is closer to the support than to the resistance.
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If bears' pressure continues, the accumulated energy might be enough for a breakout of the $0.00002078 level, followed by a profound drop to $0.000018.
SHIB is trading at $0.00002317 at press time.