Key support level: $0.000023
Key resistance levels: $0.000028
SHIB broke below the critical level at $0.000028 which has now turned into resistance. The next support is found at $0.000023. The current downward price trend is unlikely to end until SHIB reaches key support.
Trading volume: The volume remains low and gives no indication of recovery. The sellers have dominated the chart so far.
IRS: The daily RSI has fallen below 50 points and is making lower lows and higher highs. This is a clearly bearish sign.
MACD: The daily MACD made a bearish crossover yesterday. This could be the start of a bigger correction.
The bias on SHIB is bearish.
Short term prediction for SHIB price
At this point, it seems possible to see SHIB reach $0.000023 in the near future as price searches for support. The current trend is bearish, and this should continue for some time, given the MACD crossover.
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Cryptocurrency charts by TradingView.