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The price of most of the coins are rising today; however, there are some exceptions to the rule, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by 1.82% over the last 24 hours.
On the hourly chart, the price of SHIB has made a false breakout of the local support of $0.00001302. Most of the ATR has been passed, which means there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the rate of the meme coin is going down after yesterday's bearish closure.
If the bar close near its low, the decline is likely to continue to the $0.00001250 area.
From the midterm point of view, the price of SHIB is far from support and resistance levels. In this case, traders are unlikely to see increased volatility the current week.
SHIB is trading at $0.00001314 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team