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.
Buyers are back in the game, according to CoinStats.
SHIB/USD
The price of SHIB has risen by 4.57% over the last day.
On the hourly chart, the rate of SHIB is in the middle of the local channel. However, if the daily bar closes near the resistance, there is a chance of a breakout, followed by a move to the $0.00001760 zone.
On the bigger time frame, one should pay attention to the candle closure in terms of the level of $0.00001710.
Denys SerhiichukIf it happens near it and with no long wick, the accumulated strength might be enough for a rise to the $0.000018 range.
On the weekly chart, a fast reversal is unlikely, even though the bar might close in the bullish zone. Meanwhile, sideways trading in the area of $0.000016-$0.000018 is the more likely scenario.
SHIB is trading at $0.00001689 at press time.
Tomiwabold Olajide
Yuri Molchan