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SHIB Price Analysis for October 18

18 Oct, 20222 min readAnalytics
SHIB Price Analysis for October 18

Bears have restored the lost initiative as most of the coins could not keep the rise going.

SHIB/USD

The price of SHIB has dropped by 2% over the last 24 hours.

On the hourly chart, the price is SHIB is coming back to the recently formed support level at $0.00001006. If the breakout happens, the decline may lead to the test of the next important mark of $0.00001001 soon.

On the daily chart, the situation is similar, as the price of SHIB is on its way to the interim support level at $0.000010.

If the rate closes below this level and the selling volume rises, traders can expect the test of the $0.00000971 mark by the end of the week.

On the weekly time frame, SHIB is fighting for the crucial $0.000010 mark. If bulls lose, there is a good chance to see the come back to the bearish midterm trend in the $0.0000090 zone by the end of the current month.

SHIB is trading at $0.00001009 at press time.

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