SHIB Price Takes a Curious Turn on November 7 – Should You Care?

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Ah, the world of cryptocurrency: always so predictable… or not. Today, according to CoinMarketCap, most coins are sulking in the red zone, like a disappointing dinner party guest. But then, there’s SHIB. Naturally, it had to be the exception to the rule, rising by a fabulous 1.77%-because why not? 😏

SHIB/USD

SHIB’s been feeling a little adventurous. Despite everyone else plummeting into despair, it’s managed to creep up by a measly 1.77% over the past 24 hours. Oh, the excitement! 🤑

Let’s take a gander at the hourly chart. SHIB is limping towards its local support at $0.00000902. If it breaks out (fingers crossed!), we might be in for a delightful slide down to the $0.00000880-$0.00000890 zone. It’s almost like watching a car slowly roll into a puddle, but you just can’t look away.

Looking at the long-term picture, SHIB is as far from its key levels as I am from an all-expenses-paid vacation. Traders, keep your eyes peeled on the daily bar’s closure-if it closes with a long wick, prepare for more downward drama towards the support of $0.00000832. It’s like a reality show you didn’t sign up for.

And, for the truly patient (or hopelessly optimistic) traders out there, let’s take a look at the mid-term. Focus on the weekly candle closure, especially if it’s near the $0.00000832 level. If that drops below, well, brace yourself for a thrilling ride down to the $0.000007-$0.000008 range. Grab the popcorn. 🍿

At the time of writing, SHIB is proudly trading at $0.00000906. A thrilling 1.77% rise? Or is it just a brief flirtation with fortune? Time will tell.

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2025-11-07 17:42