SHIB Price Prediction for April 9

Bears are trying to return to the game, according to CoinStats.

SHIB/USD

The rate of SHIB has declined by 2.55% over the last 24 hours.

On the hourly chart, the price of SHIB has made a false breakout of the local support level of $0.00002781. However, one should pay attention to the daily candle closure.

If it happens far from that mark, growth may continue to the $0.000029 area.

On the bigger time frame, the rate of SHIB has once again bounced off the $0.00002954 level. If the bar closes below yesterday’s low, the correction may continue to the $0.000027 zone shortly.

From the midterm point of view, it is too early to make any distant predictions as a few days remain until the bar closes. If the return to the $0.000029 zone does not happen, there is a possibility to see a further decline to the $0.000025-$0.000026 range.

SHIB is trading at $0.00002790 at press time.