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.
Most of the coins are in the red zone, according to CoinStats.
SHIB/USD
The rate of SHIB has declined by 1.80% over the last day.
On the hourly chart, traders should focus on the local resistance level of $0.00000676.
Denys SerhiichukIf the bar breaks it and fixes above, one can expect a further upward move to the $0.00000690 area.
On the daily time frame, traders should focus on the bar closure in terms of yesterday's bar low. If a false breakout happens, there is a possibility to see a local correction to the $0.0000069-$0.0000070 zone soon.
A bearish picture remains on the weekly chart. If the bar closes with no long wick, the decline will likely continue to the support level of $0.00000639.
SHIB is trading at $0.00000673 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin