The SHIB price shows signs of weakness heading into the weekend, according to CoinStats data. While there is a lack of clear direction in the short term, experts are cautious about potential further drops. The current hourly chart suggests a pause in price movement before an eventual test of support around $0.00001230-$0.00001240. 3-day bearish trend continues on larger time frames as SHIB falls for the third consecutive day. Traders are looking towards the final candle closure in a range of $0.00001250 as a crucial point for further direction. If a breakout occurs, a continued decline to $0.000012 may be on the horizon. A closer look at the weekly bar reveals a long wick signaling bearish sentiment. This could lead to a test of the $0.00001078 level if bulls fail to regain control in the short term. SHIB is currently trading at $0.00001277 as of press time, according to U.Today.