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Some coins from the top 10 list are bouncing back, according to CoinStats.
SHIB/USD
The rate of SHIB has risen by 2.49% since yesterday.
The price of the altcoin is in the middle of the local channel, between the support of $0.00001797 and the resistance of $0.00001891. In this regard, sideways trading around the $0.00001850 mark is the more likely scenario until the end of the day.
On the bigger time frame, the situation is similar. None of the sides is dominating, which means there are low chances to expect sharp moves soon.
Denys SerhiichukHowever, if the price gets back to the $0.000017 mark, there is a possibility to see a test of the support soon.
On the weekly time frame, the decline continues, and there are no reversal signals yet. Until the rate is below the $0.000020 mark, traders may witness a further correction.
SHIB is trading at $0.00001859 at press time.
Godfrey Benjamin
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov
U.Today Editorial Team