SHIB Price Analysis for May 23

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SHIB Price Analysis for May 23
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Can SHIB show the same growth as other cryptocurrencies?

On the local time frame, the rate of SHIB has bounced off the support at $0.00000879. However, it is too early to think about buyers' dominance. It may happen only if the upward move continues to the interim mark of $0.000009 and fixes above it. Only in that case, there is a chance to see a test of the resistance at $0.00000918.

On the daily chart, the price of SHIB has made a false breakout of the mirror level at $0.00000914, which serves as resistance. If the daily bar closes far from it and below yesterday's peak at $0.00000902, the correction may lead to the test of theA similar case can be seen from the midterm point of view; however, here, one should pay attention to the candle closure. If it occurs above the $0.00000892 level, buyers might seize the initiative and return the rate to the $0.00000950 area.

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