SHIB Price Prediction for March 9

An ongoing drop remains the more likely scenario for most of the cryptocurrencies, according to CoinStats.CoinStats">The rate of SHIB has fallen by 3.83% over the last day.TradingView">On the hourly chart, the price of SHIB has made a false breakout of the support level of $0.00001231. However, if the bounce back does not happen by the end of the day, one can expect an ongoing decline to the $0.000012 area.TradingView">On the bigger time frame, bears are also more powerful than bulls. If the daily bar closes around the current prices and with no long wick, traders may witness a test of the support of $0.00001154 soon.TradingView">From the midterm point of view, one should pay attention to the candle's closure in terms of the $0.00001078 level. If its breakout occurs, the accumulated energy might be enough for a more profound correction to the $0.000010 area and below.SHIB is trading at $0.00001232 at press time.