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SHIB Price Prediction for March 2
The current market trends indicate that buyers are in control of the situation as of the end of the week, according to CoinStats. As a result, it’s essential to consider the short-term and midterm prospects for Shiba Inu (SHIB) investors.
As seen on the hourly chart, SHIB’s price is close to its local support level at $0.00001355. If a breakout occurs, the coin may continue declining to the $0.000013 range next week.
Additionally, if the daily candle closes around current prices, it is more likely that the cryptocurrency will fall to the $0.000010 area in the long run.
SHIB’s price has dropped by 12.68% over the past seven days and has seen a slight rise of 0.07% since yesterday.
Currently, SHIB is trading at $0.00001357 as of the time of writing.
It’s essential to note that the bears have more influence than bulls from a midterm perspective. Therefore, it’s crucial for investors to stay informed about market developments and consider short-term and long-term predictions before making any decisions.
