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According to CoinStats, the crypto market is still facing a correction.
SHIB/USD
SHIB price has decreased by 1.89% since yesterday.
Despite today’s decline, SHIB price continues to look bearish as it is moving back towards the local support level at $0.00002662.
If the bar closes near there, the accumulated energy could be enough for a breakout to the $0.000026 zone.
Looking at the larger time frame, SHIB price once again rebounded from the $0.000028 zone. For now, we should focus on the nearest provisional area $0.000026. If buyers lose it, that drop could quickly lead to a test of $0.000024 to $0.000025.
There is no reversal signal yet on the weekly chart. If the candlestick closes below the previous bar’s low, the $0.00002380 support will likely be tested until the end of the month.
At the time of writing, SHIB is trading at $0.00002694.
https://u.today/shib-price-prediction-for-april-12
