Shiba Inu (SHIB) has experienced bearish movements over the last 24 hours, as per CoinStats data. The price of SHIB/USD has fallen by 3.48% in that time frame. 📊 Looking at the hourly chart, we observe SHIB approaching its local support of $0.00001184. If this level breaks, further bearish correction could extend to the $0.00001170 mark. 📈 On a larger timescale, no reversal signals are currently present. If the daily bar closes near its low, traders may anticipate an ongoing downtrend toward the $0.00001150 zone. 📉 From a midterm perspective, neither bulls nor bears seem to be in clear dominance. Instead, a sideways trading scenario with SHIB hovering between $0.00001150 and $0.00001250 is the most likely outcome at present, according to current data. 🤝 SHIB currently trades at $0.00001194 as of press time.