The post SHIB Price Analysis for November 7 appeared on BitcoinEthereumNews.com. The prices of most of the coins are in the red zone today, according to CoinMarketCap. Top coins by CoinMarketCap SHIB/USD SHIB is the exception to the rule as its price has gone up by 1.77% over the past day. Image by TradingView On the hourly chart, the rate of SHIB is on its way to the local support of $0.00000902. If its breakout happens, the fall is likely to continue to the $0.00000880-$0.00000890 range soon. Image by TradingView On the longer time frame, the price of SHIB is far from key levels. In this case, traders should focus on the daily bar’s closure.  You Might Also Like If it happens with a long wick, there is a high chance of seeing an ongoing drop to the support of $0.00000832. Image by TradingView From the midterm point of view, one should focus on the weekly candle’s closure in terms of the $0.00000832 level. If the bar closes below it, traders may witness a further drop to the $0.000007-$0.000008 range. SHIB is trading at $0.00000906 at press time. Source: https://u.today/shib-price-analysis-for-november-7-0The post SHIB Price Analysis for November 7 appeared on BitcoinEthereumNews.com. The prices of most of the coins are in the red zone today, according to CoinMarketCap. Top coins by CoinMarketCap SHIB/USD SHIB is the exception to the rule as its price has gone up by 1.77% over the past day. Image by TradingView On the hourly chart, the rate of SHIB is on its way to the local support of $0.00000902. If its breakout happens, the fall is likely to continue to the $0.00000880-$0.00000890 range soon. Image by TradingView On the longer time frame, the price of SHIB is far from key levels. In this case, traders should focus on the daily bar’s closure.  You Might Also Like If it happens with a long wick, there is a high chance of seeing an ongoing drop to the support of $0.00000832. Image by TradingView From the midterm point of view, one should focus on the weekly candle’s closure in terms of the $0.00000832 level. If the bar closes below it, traders may witness a further drop to the $0.000007-$0.000008 range. SHIB is trading at $0.00000906 at press time. Source: https://u.today/shib-price-analysis-for-november-7-0