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.
The majority of the coins are back in the red zone, according to CoinMarketCap's ranking.
Top coins by CoinMarketCap
SHIB/USD
The rate of SHIB has fallen by 0.51% over the last 24 hours.
Image by TradingView
On the local chart, the rate of SHIB has set the support level at $0.00001021. The price has touched it several times, which means that bears are not giving up. If the closure happens below it, that might be a prerequisite for a blast to the $0.00001015 area.
Image by TradingView
The situation has almost not changed on the daily chart as the rate is far from the key levels. The volume has declined, which means that bulls are not ready to buy at the moment.
Denys SerhiichukIn this case, ongoing sideways trading in the area of $0.000010-$0.00001050 is the more likely scenario for the next days.
Image by TradingView
On the bigger time frame, the rate is located near the interim support level at $0.00000965. This mark plays an important role for buyers as if closure below it occurs, the drop can continue to the next level at $0.00000714.
SHIB is trading at $0.000001023 at press time.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov