The post SHIB Price Analysis for November 18 appeared on BitcoinEthereumNews.com. The market keeps falling today as well, according to CoinStats. Top coins by CoinStats SHIB/USD The rate of SHIB has declined by 3% over the last day. Image by TradingView On the hourly chart, the price of SHIB has made a false breakout of the local resistance of $0.00000882. However, if the daily bar closes near that mark, traders may expect a test of the $0.000009 area soon. Image by TradingView On the longer time frame, the situation remains bearish, as the rate of SHIB has not bounced off far from the support of $0.00000832.  You Might Also Like If the breakout of the mentioned level happens, the accumulated energy might be enough for a more profound decline to the $0.0000080 area. Image by TradingView From the midterm point of view, the picture is similar. If bulls cannot seize the initiative and the weekly bar closes near $0.00000832 or below it, there is a high chance to see an ongoing decline to the $0.0000070-$0.0000080 zone by the end of the month. SHIB is trading at $0.00000879 at press time. Source: https://u.today/shib-price-analysis-for-november-18The post SHIB Price Analysis for November 18 appeared on BitcoinEthereumNews.com. The market keeps falling today as well, according to CoinStats. Top coins by CoinStats SHIB/USD The rate of SHIB has declined by 3% over the last day. Image by TradingView On the hourly chart, the price of SHIB has made a false breakout of the local resistance of $0.00000882. However, if the daily bar closes near that mark, traders may expect a test of the $0.000009 area soon. Image by TradingView On the longer time frame, the situation remains bearish, as the rate of SHIB has not bounced off far from the support of $0.00000832.  You Might Also Like If the breakout of the mentioned level happens, the accumulated energy might be enough for a more profound decline to the $0.0000080 area. Image by TradingView From the midterm point of view, the picture is similar. If bulls cannot seize the initiative and the weekly bar closes near $0.00000832 or below it, there is a high chance to see an ongoing decline to the $0.0000070-$0.0000080 zone by the end of the month. SHIB is trading at $0.00000879 at press time. Source: https://u.today/shib-price-analysis-for-november-18