Sellers remain more powerful than buyers, according to CoinStats.
SHIB/USD
The rate of SHIB has increased by 0.17% over the last 24 hours.
On the hourly chart, the price of SHIB is looking bullish as it is trading near the local resistance level of $0.00002727. If bulls can hold the initiative until the end of the day, a breakout is likely to happen to the $0.000028 zone.
On the bigger time frame, the rate of SHIB has made a false breakout of yesterday's bar low at $0.00002570. If the candle closes far from that mark, the bounce back may lead to the test of $0.000030 shortly.
However, if the bar closes near that mark or even below it, the accumulated energy might be enough for a move to the nearest support level of $0.00002380.
From the midterm point of view, the picture looks different. One should pay attention to the weekly bar closure in terms of the last candle low at $0.00002745. If it happens below it, the correction is likely to continue to the $0.000025 zone.
SHIB is trading at $0.00002702 at press time.