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SHIB Price Analysis for January 27

SHIB Price Analysis for January 27

CryptoNewsNetCryptoNewsNet2026/01/27 13:54
By:CryptoNewsNet
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SHIB Price Analysis for January 27

SHIB Price Analysis for January 27 image 0  u.today 18 m
SHIB Price Analysis for January 27 image 1

The market seems to be undecided as to which way to move, according to CoinMarketCap.

SHIB Price Analysis for January 27 image 2

SHIB/USD

The rate of SHIB has fallen by 0.2% over the last day.

SHIB Price Analysis for January 27 image 3

On the hourly chart, the price of SHIB keeps looking bearish. If a breakout of the local support at $0.00000763 happens, the accumulated energy might be enough for a continued decline to the $0.00000750 range.

SHIB Price Analysis for January 27 image 4

On the hourly chart, the rate of SHIB has failed to keep rising after yesterday's bullish bar's closure.

If bears' pressure continues, one can expect a test of the nearest support level at $0.00000734. This scenario is relevant at least until the end of the week.

SHIB Price Analysis for January 27 image 5

From the midterm point of view, there are no reversal signals yet. If the weekly candle closes below the previous bar's low at $0.00000736, traders may witness a further correction to the support at $0.00000678.

SHIB is trading at $0.00000764 at press time.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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