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Sellers are dominating today, according to CoinStats.
SHIB/USD
The rate of SHIB has declined by almost 10% over the last 24 hours.
On the hourly chart, the price of SHIB is in the middle of a narrow channel between the support of $0.00002123 and the resistance of $0.00002198. However, if buyers' pressure continues, there is a chance to see a test of the upper level by tomorrow.
On the longer time frame, there are no reversal signals yet, which means there is still a possibility to see a further downward move. This may happen if the bar closes near $0.00002120 or below.
From the midterm point of view, sellers are trying to get back in the game.
Denys SerhiichukIf the weekly candle closes around $0.00002050 or below it, the correction is likely to continue to the $0.000019 zone.
SHIB is trading at $0.00002163 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Godfrey Benjamin
Dan Burgin
Vladislav Sopov