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The week is ending bearish for most coins, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by almost 12% over the last 24 hours.
On the hourly chart, the price of SHIB is in the middle of the local channel between the support of $0.00002056 and the resistance of $0.00002299.
As most of the daily ATR has been passed, ongoing sideways trading around $0.000022 is the more likely scenario until the end of the day.
On the daily time frame, the rate of SHIB has bounced off the support level of $0.000019. At the moment, one should pay attention to the candle closure. If it happens far from that mark, there is a chance to see a local upward move to the $0.000024 zone.
From the midterm point of view, the picture is less positive. If the weekly bar closes around the current prices, the drop may lead to a further correction to the $0.000016-$0.000018 range.
SHIB is trading at $0.00002174 at press time.
Gamza Khanzadaev
Yuri Molchan
Arman Shirinyan
