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Most of the coins are not ready for a reversal yet, according to CoinStats.
SHIB/USD
The price of SHIB has decline by 2.39% over the last 24 hours.
Despite today's fall, the rate of SHIB is looking bearish on the local chart. If the breakout of the support occurs, one can expect a test of the $0.000022 zone. Such a scenario is relevant until tomorrow.
On the bigger time frame, bears keep controlling the situation on the market. If the situation does not change, traders may witness a test of the $0.000021-$0.00002150 range within the next few days.
From the midterm point of view, the rate of SHIB is on its way to testing the support of $0.00002078.
Denys SerhiichukIf the wekely candle closes near it, the accumulated energy might be enough for a breakout, followed by a move to $0.000018.
SHIB is trading at $0.00002222 at press time.
Alex Dovbnya
Arman Shirinyan
