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SHIB Price Prediction for June 27

Thu, 27/06/2024 – 15:26

Cover image via U.Today

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Traders may witness a market bounce off, according to CoinStats.

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SHIB chart by CoinStats

SHIB/USD

The price of SHIB has increased by 0.52% since yesterday.

Image by TradingView

On the hourly chart, the rate of SHIB has made a false breakout of the local resistance of $0.00001764. If the daily bar closes far from it, there is a chance to see a correction to the $0.00001720 zone by tomorrow.

Image by TradingView

On the bigger time frame, the price has once again bounced back from the support level of $0.00001696. It is too early to think about an upward move; however, if the candle closes far from the bottom line, one can expect sideways trading in the range of $0.00001750-$0.000018.

Image by TradingView

From the midterm point of view, one should pay attention to the weekly bar’s closure in terms of the $0.00001696 level.

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If it happens far from it, buyers might face a bounce back to the $0.000019 zone.

SHIB is trading at $0.00001737 at press time.

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