SHIB’s Price Rollercoaster: Is it Climbing or Crashing? Find Out!

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Ah, the delightful joys of the market – one minute it’s soaring, and the next, it’s plummeting faster than a soufflé in a thunderstorm. This week kicks off with the usual drama, but hold on, there are a few twists in the tale. According to CoinMarketCap, not everything is following the script.

SHIB/USD: A Dramatic Tale of Up, Down, and Maybe Sideways?

It appears that our beloved SHIB has decided to take a breather, sliding down a modest 0.16% in the last 24 hours. Nothing too alarming, but it’s not exactly a fireworks display either.

If we take a closer look at the hourly chart, it seems SHIB has reached a little local resistance at $0.00000816. Oh, the drama! Should the sellers’ heavy boots continue marching forward, we might be in for a delightful plunge to test the support line by tomorrow. Yes, the suspense is palpable.

When we zoom out and take a look at the bigger picture (because who doesn’t love a bit of perspective?), we see that SHIB’s rate is comfortably lounging far from both support and resistance levels. In simpler terms: it’s not quite on the edge of its seat just yet. But wait, if that daily bar closes with a long wick, we might just see SHIB make a beeline for the $0.00000750 area. Thrilling, right?

From the perspective of the midterm – and we do love a good ‘midterm’ analysis, don’t we? – there are no signs of a dramatic reversal just yet. But, and here’s the juicy bit, if that weekly candle closes below the previous bar’s low, we could be looking at a potential dive to test the support at $0.00000678. Yes, it’s like a market cliffhanger!

At the time of writing, SHIB is chilling at $0.00000792. But with the way things are going, who knows? It might be an entirely different story by the time you finish reading this.

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2025-11-24 15:22