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Sellers are back in the game, according to CoinStats.
SHIB/USD
The price of SHIB has gone down by 5% since yesterday.
On the hourly time frame, the rate of SHIB is going down after a breakout of the local support level of $0.00002680. At the moment, there are no reversal signals yet, which means that the decline to the $0.000025 zone is likely to continue.
On the chart, the price is far from key levels, which means that neither bulls nor bears are dominating.
Denys SerhiichukHowever, if the decline continues to $0.000025, one can expect a dump to the $0.000023-$0.000024 zone.
From the midterm point of view, the rate of SHIB has not risen after the previous bullish candle. If the current bar closes around current prices or below, traders may expect a test of the $0.000020 zone.
SHIB is trading at $0.00002588 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin