How long is the decline of SHIB going to last?
On the hourly chart, the rate of SHIB has fixed below the support level at $0.00000739. Thus, the selling volume has increased, which means that bears have locally seized the initiative. In this regard, an ongoing drop to the $0.
000007 area is a likely scenario.On the bigger time frame, one should pay attention to the nearest support level at $0.00000702. If the decline continues to that mark, the accumulated energy might be enough for a further decline to the $0.00000660 area.
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