SHIB Price Prediction for October 22

10/23/2024 00:01
SHIB Price Prediction for October 22

How long can correction of SHIB last?

Original U.Today article

SHIB Price Prediction for October 22

Cover image via U.Today

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Some coins keep setting new local peaks, while others have come back to the red zone by now, according to CoinStats.

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SHIB chart by CoinStats

SHIB/USD

The rate of SHIB has increased by 0.25% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of SHIB has bounced off the local support level of $0.00001801. If the daily bar closes far from that mark, one can expect growth to the resistance level by tomorrow.

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Image by TradingView

On the bigger time frame, traders should focus on the candle's closure in terms of yesterday's bar low. 

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If it happens below it, there is a chance to see a more profound decline to the $0.000017-$0.00001750 range.

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Image by TradingView

From the midterm point of view, one should wait until the weekly candle closes. If it happens around current prices, traders may witness a test of the $0.000017 area shortly.

SHIB is trading at $0.00001817 at press time.

About the author

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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