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SHIB Price Prediction for March 4
The price of Shiba Inu (SHIB) has been declining rapidly over the last 24 hours, with a significant drop of almost 11%. According to CoinStats, the rates of coins are continuing to fall today.
As reported by TradingView, the hourly chart shows that SHIB is approaching its local support level at $0.00001235. If no reversal signals emerge by the end of the day, we may see a breakout followed by a move towards the $0.000012 zone.
On the daily time frame, the price continues to fall after yesterday’s bearish closure. Despite this, there are still no signs of reversal, and sellers remain more powerful than buyers. The declining volume also suggests that a bounce-back is unlikely in the near future.
As it stands, SHIB is currently trading at $0.00001259.
