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The majority of the coins are facing correction today, according to CoinStats.
SHIB/USD
The rate of SHIB has declined by 6% over the last 24 hours.
On the hourly chart, the price of SHIB is testing the support of $0.00001480. If the daily bar closes around that mark, traders may witness a dump to the $0.000014 zone.
On the longer time frame, the situation is similar. If a breakout at the $0.00001479 level happens, traders can expect an ongoing downward move to the $0.00001350-$0.000014 range.
From the midterm point of view, the rate of SHIB has bounced off the resistance of $0.00001584.
If the weekly bar closes around the current prices or below, there is a chance of seeing a test of the $0.00001362 support.
SHIB is trading at $0.00001514 at press time.
Vladislav Sopov
U.Today Editorial Team