SHIB Faces Support Test as Buyers Attempt to Reverse Recent Decline

Mar 4, 2025, 10:47 a.m. 3 sources
The cryptocurrency SHIB has seen a slight increase of 0.07% since yesterday, but the overall trend over the past week has been negative, with a decline of 12.68%. Currently, SHIB is trading close to a local support level at $0.00001355, and analysts predict a potential ongoing decrease to the $0.000013 range next week. If the bearish momentum continues, a fall to crucial support at $0.00001250 may follow, raising concerns about further declines to the $0.000010 area if selling pressure remains strong. Market sentiment appears to favor bears over bulls in the short term.
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