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.
Buyers keep dominating on the market, according to CoinStats.
SHIB/USD
The rate of SHIB has risen by 1% since yesterday.
Despite today's rise, the price of SHIB is looking bearish on the hourly chart as the rate is near the support level. If the situation does not change by the end of the day, the breakout may lead to a further decline to $0.00001.
On the daily time frame, the rate of SHIB has made a false breakout of yesterday's bar peak.
If bears' pressure continues, one can expect an ongoing correction to the $0.00000950 zone soon.
From the midterm point of view, there is a chance of a further upward move if the candle closes near the interim level of $0.00001050. In this case, a bull run may lead to a test of the resistance at the $0.00001136 level.
SHIB is trading at $0.00001016 at press time.
Alex Dovbnya
Gamza Khanzadaev
