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The rates of most of the coins have come back to the green zone, according to CoinStats.
SHIB/USD
The price of SHIB has gone up by 2.8% over the last 24 hours.
On the hourly chart, the rate of SHIB is rising after a false breakout of the local support of $0.00001242. If bulls can hold the initiative and the daliy bar closes far from that mark, there is a possibility of seeing a test of the resistance by tomorrow.
On the longer time frame, the price of SHIB is far from key levels. The volume has dropped, which means neither bulls nor bears are ready to seize the initiative.
In this case, traders are unlikely to see sharp moves soon. All in all, sideways trading in the range of $0.000012-$0.000013 is the most likely scenario.
From the midterm point of view, the situation is similar. However, one should focus on the nearest zone of $0.000012. If its breakout happens, the accumulated energy might be enough for a test of the $0.000010-$0.000011 area.
SHIB is trading at $0.00001246 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team