SHIB price forecast for March 6.
SHIB/USD.
Over the past 24 hours, the SHIB rate has fallen by 10%.
On the hourly chart, you should pay attention to the daily close in terms of
local resistance level
$0.00003947. If the candle returns to this level, growth may soon continue to the $0.000040-$0.000042 zone.
On a larger timeframe, the SHIB rate is trying to continue growing after yesterday's fall. At the moment, the price is below the $0.00003650 level.
However, if buyers are able to seize the initiative and the bar closes above it without a long wick, there is a chance to see a test of the $0.000050 vital zone.
There are no reversal signals on the weekly chart yet, but you should focus on the closing of the bar. If this happens far from the peak, traders could witness a correction towards the nearest support zone around $0.000030.
At the time of publication, SHIB is trading at $0.00003630.
