SHIB Price Analysis for May 12

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SHIB Price Analysis for May 12
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Can SHIB keep up with the rise of DOGE?

On the local time frame, the rate of SHIB has found a resistance level at $0.00000868. If the correction continues, there is a chance to see a decline to the recently formed support at $0.0000085. Such a scenario is relevant until tomorrow.

On the daily chart, the price of SHIB keeps falling after a failed attempt to fix above the $0.000009 zone. If the candle closes below yesterday's low, the energy may be enough for the breakout of support, followed by a drop to the $0.000008 zone.

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