SHIB Price Prediction for May 28

Crypto Market Faces Potential Consolidation Period

According to the latest analysis from CoinMarketCap, many cryptocurrencies may need time to accumulate energy before making their next significant move.

SHIB's Bearish Trend Continues

The rate of Shiba Inu (SHIB) has fallen by 2.1% over the last day, with the price currently hovering near the local support of $0.00001413. If this level is breached, the accumulated energy could potentially fuel a move towards the $0.000014 zone in the near future.

On a larger time frame, the overall picture for SHIB remains bearish. If the daily candle closes below the $0.00001397 level, the accumulated energy may be sufficient to trigger a dump to the $0.000013-$0.00001350 range in the near term.

Midterm Outlook for SHIB

• The SHIB rate is approaching the support of $0.00001397 on the midterm chart.
• As there are no clear reversal signals yet, traders may witness a test of the $0.00001250 range by the end of the month.

At the time of writing, SHIB is trading at $0.00001412.