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Sellers might have seized the initiative, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by 5.89% since yesterday.
On the hourly chart, the price of SHIB is under bears' pressure. If the daily bar closes near $0.00002144, one can expect a test of the $0.00002120 area by tomorrow.
On the bigger time frame, there are no reversal signals yet. The rate is going down after yesterday's bearish closure.
Denys SerhiichukIf bulls cannot seize the initiative soon, traders may witness a test of the $0.00002012 level soon.
From the midterm point of view, the weekly bar is bearish at the moment; however, a few days remain until it closes. If nothing changes, the decline is likely to continue to the $0.000018 range.
SHIB is trading at $0.00002169 at press time.
Godfrey Benjamin
Dan Burgin
Alex Dovbnya