SHIB has risen by 1.77% in the last 24 hours, defying the broader cryptocurrency market's decline. Currently trading at $0.00000906, SHIB is nearing a local support level of $0.00000902 on the hourly chart, which could lead to further declines if breached. On the daily chart, a long wick suggests a potential drop to $0.00000832. Midterm traders should watch the weekly candle closure near $0.00000832, as a close below this level could result in a fall to $0.000007-$0.000008.