SHIB price prediction for November 26th

ByAmelia Journalton

Nov 26, 2024

Cover photo via U.Today

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According to CoinStats, the majority of coins are in the red today.

SHIB/USD

SHIB price is down 7.59% in the last day.

On the hourly chart, SHIB price bounced off the $0.00002395 support. If the daily bar closes far from this mark, growth is likely to continue towards the $0.000025 area.

On the larger time frame, the picture is more bearish than bullish as price is closer to the support level. If the bears’ pressure continues, there is a possibility of a breakout followed by a move into the $0.000021-$0.000022 range.

In the medium term, neither side dominates as SHIB’s price is far away from major levels. In this case, continued sideways trading until the end of the week is the more likely scenario.

At press time, SHIB is trading at $0.00002401.