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Bulls remain weaker than bears today, according to CoinStats.
SHIB/USD
The price of SHIB has dropped by 6.47% since yesterday.
On the hourly chart, the rate of SHIB is going down after a false breakout of the local resistance of $0.00001398. If the daily bar closes far from that mark, the correction is likely to continue to the support.
On the bigger time frame, the price of the meme coin is far from key levels. If the candle closes around current prices, sideways trading in the range of $0.000012-$0.000014 is the more likely scenario.
Sellers are also dominating on the weekly chart. The rate is approaching the support level of $0.00001231.
Denys SerhiichukIf it breaks out, traders may witness a test of the vital area of $0.000010 by the end of the month.
SHIB is trading at $0.00001354 at press time.
Dan Burgin
Vladislav Sopov