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.
Sellers are seizing the initiative at the end of the day, according to CoinStats.
SHIB/USD
The price of SHIB has gone down by 1.68% since yesterday.
On the hourly chart, the price of SHIB is in the middle of the local channel.
Denys SerhiichukThe volume has declined, which means there is a low chance of a sharp move until the end of the day.
A similar situation is developing on the bigger time frame. Until the price is below the resistance level of $0.00001440, bears are more powerful than bulls. Respectively, traders may witness a further drop to the $0.000013 range shortly.
On the weekly chart, the rate of SHIB has bounced off the support level. However, it remains not far from it. If selling pressure continues and the price gets back to $0.00001266, there is a possibility to see a test of the vital area of $0.000010.
SHIB is trading at $0.00001375 at press time.
Alex Dovbnya
Vladislav Sopov