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Most of the coins are back to the green zone despite the fact that the day has started bearish, according to CoinStats.
SHIB/USD
The rate of SHIB is almost unchanged since yesterday.
On the hourly chart, the price of SHIB is in the middle of the local channel, between the support of $0.00001234 and the resistance of $0.00001277.
As most of the ATR has been passed, traders are unlikely to witness sharp ups or downs by tomorrow.
On the bigger time frame, the situation is similar. The rate of the meme coin is far from main levels, which means ongoing sideways trading around the current prices is the most likely scenario.
From the midterm point of view, the price of SHIB is within the previous weekly bar. The volume remains low, confirming the absence of buyers' or sellers' energy. All in all, there are low chances of seeing increased volatility anytime soon.
SHIB is trading at $0.00001259 at press time.
Vladislav Sopov
U.Today Editorial Team