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.
The market is slightly changing to red, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by 0.76% since yesterday.
On the hourly chart, the price of SHIB has broken the local support of $0.00001157. If the daily bar closes below that mark, the correction is likely to continue to the $0.00001140 zone.
On the bigger time frame, the picture is also bearish. The rate of SHIB is about to break the support of $0.00001151.
If it happens, the accumulated energy might be enough for a move to the $0.000011 area. Such a scenario is relevant until the end of the week.
On the weekly chart, the situation is more positive. The price is within the previous bar, which means none of the sides has seized the initiative yet. In this case, sideways trading in the range of $0.000011-$0.00001250 is the more likely scenario until the end of June.
SHIB is trading at $0.00001152 at press time.
Vladislav Sopov
U.Today Editorial Team