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SHIB Price Prediction for June 21

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Fri, 21/06/2024 - 16:12
SHIB Price Prediction for June 21
Cover image via U.Today

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Most of the coins are not ready for a sharp move, according to CoinStats.

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SHIB chart by CoinStats

SHIB/USD

The rate of SHIB has dropped by 0.64% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of SHIB is on its way to the local resistance level of $0.00001826. If the upward move continues and the daily bar closes near the upper line, one can expect a breakout to the $0.000019 zone.

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Image by TradingView

On the daily time frame, none of the sides is dominating. Such a statement is also confirmed by the falling volume. 

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In this case, ongoing sideways trading in the zone of $0.00001750-$0.000019 is the more likely scenario until the end of the week.

Article image
Image by TradingView

From the midterm point of view, the fall of SHIB is continuing after the previous candle's closure. If the situation does not change by the end of the week, there is a chance to see a test of the support of $0.00001519 soon.

SHIB is trading at $0.00001777 at press time.

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