SHIB and LEASH Price Analysis for February 23

Price Analysis
Thu, 02/23/2023 - 13:37
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Sellers remain more powerful than buyers as the rates of most of the coins are falling.

SHIB/USD

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

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.

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.