SHIB slips toward $0.0000083 support; risk of testing $0.0000080
SHIB (Shiba Inu) has declined ~2.4% over the past 24 hours and is trading around $0.0000083. Hourly charts show the token approaching short-term support at $0.00000833 (older reports noted $0.00000862), and a break below that level could push SHIB into the $0.00000820–$0.00000830 range and potentially test the $0.0000080 zone. Higher-timeframe charts also display a bearish bias with nearby support around $0.00000826; sellers currently hold the initiative. Midterm momentum has stalled and key midterm resistance sits near $0.00000918 — a decisive break above that would be required to resume a bullish run toward the $0.000010 area. If $0.00000918 remains intact as resistance, expect continued range-bound action between roughly $0.0000083 and $0.0000090. Key data points for traders: 24h change ≈ -2.4%; current price ≈ $0.0000083; near-term supports $0.00000833 and $0.00000826; downside targets $0.00000820–$0.0000080; midterm resistance $0.00000918. Trading implications: watch for a confirmed hourly/daily close below $0.00000833 for increased short-term downside risk, or a sustained breakout above $0.00000918 to shift momentum back to bulls.
Bearish
Both articles describe fresh downside pressure on SHIB with price approaching and testing near-term supports. Short-term technicals (hourly and higher-timeframe charts) show sellers in control and potential for further declines toward $0.00000820–$0.0000080 if the $0.00000833/$0.00000826 supports break. Midterm momentum is stalled and a clear bullish catalyst would require a decisive breakout above the $0.00000918 level. For traders, this implies elevated short-term downside risk and limited upside until the midterm resistance is overcome. Therefore the immediate price impact is negative: downside bias until support holds or a breakout above $0.00000918 occurs.