The cryptocurrency market saw a decline today as tracked by CoinStats. SHIB/USD has dipped 0.42% over the last day, with hourly charts indicating potential support levels near its current price point. However, analysts predict continued growth, potentially leading to a test of resistance levels tomorrow. 🔎 📈 On the larger time frame, a more bearish trend prevails. If the daily bar closes below $0.00001397, traders might see a breakout with potential movement towards the $0.00001350 zone. Looking ahead to mid-term prospects, keeping an eye on the weekly bar’s closure will be crucial for SHIB. A close below its nearest level of $0.00001397 could signal a continuation of this decline toward the $0.000012 area. As of press time, SHIB is trading at $0.00001438. ➡️ Read the full article on U.Today.