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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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Sellers are getting back in the game, according to <a href="https://u.today/solana-sol-price-analysis-for-october-31" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="ab055928-28fe-4d21-aeb8-754bc9b225c2" src="https://u.today/sites/default/files/inline-images/top10_748.png">SHIB chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
The price of SHIB has fallen by 1.78% since yesterday. <img data-entity-type="file" data-entity-uuid="3e5b9288-79f2-4107-b8e9-4ea469de3bc0" src="https://u.today/sites/default/files/inline-images/shib1_41.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of SHIB is bearish as the rate has come back to the local support level of $0.00000757. If a bounce back does not happen by the end of the day, there is a possibility of seeing a breakout and further decline to the $0.0000075 zone. <img data-entity-type="file" data-entity-uuid="f166c9e5-391a-43c6-b300-5b64a7f51c31" src="https://u.today/sites/default/files/inline-images/shib2_41.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the price keeps falling today. If the bar closes near yesterday's low, traders are likely to see a further correction to the $0.00000720-$0.00000740 area by the end of the week. <img data-entity-type="file" data-entity-uuid="c003fd5b-d3f1-43dd-82cb-d011b583b6b9" src="https://u.today/sites/default/files/inline-images/%D1%96%D1%80%D1%88%D0%B83.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, it is too early to make any predictions, as too many days are left until the bar's closure.
However, if the candle closes below the $0.000008 mark, bears might locally seize the initiative.
SHIB is trading at $0.00000762 at press time.

SHIB Price Analysis for November 1

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