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Bears' are still powerful as the the rates of the top 10 coins are falling, according to CoinStats.
SHIB/USD
The price of SHIB has dropped by 1.18% since yesterday.
On the hourly chart, the rate of SHIB is far from the support and resistance levels. Buyers may start thiking about a bounce back only if they restore the price to the $0.00002550 mark and fix above it.
On the bigger time frame, none of the sides is dominating. The volume remains low, which means there are low chances of seeing sharp moves soon.
Denys SerhiichukIn this case, ongoing sideways trading in the narrow range of $0.000025-$0.000026 is the more likely scenario until the end of the week.
From the midterm point of view, the picture is quite similar. Neither buyers nor sellers have seized the initiative. In this regard, traders may expect consolidation in the area of $0.000022-$0.000027.
SHIB is trading at $0.00002527 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin