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SHIB and LEASH Price Analysis for February 23

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Thu, 23/02/2023 - 13:37
SHIB and LEASH Price Analysis for February 23
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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Sellers remain more powerful than buyers as the rates of most of the coins are falling.

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Top coins by CoinMarketCap

SHIB/USD

Unlike other coins, the price of SHIB has risen by 2.31% over the last 24 hours.

SHIB/USD chart by TradingView

On the daily chart, the price of SHIB keeps trading sideways, between the support at $0.00001254 and the resistance at $0.00001399. At the moment, the price is located in the middle of the channel, which means that neither bulls nor bears have seized the initiative yet.

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In this case, the more likely scenario is consolidation in the range of $0.000013-$0.0000135, so the altcoin could garner more energy for a further move.

SHIB is trading at $0.00001316 at press time.

LEASH/USD

Doge Killer (LEASH) is more of a gainer than SHIB, going up by 3.57% over the last day.

LEASH/USD chart by TradingView

Despite today's rise, LEASH remains looking strong as the price is approaching the resistance at $713.9 on the daily time frame. If buyers can fix the rate above the psychological $700 zone, the breakout may lead to the growth to the $800 area until the end of the month.

LEASH is trading at $692.4 at press time.

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