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.
Buyers are controlling the situation at the end of the week, according to CoinStats.
SHIB/USD
The rate of SHIB has risen by 0.07% since yesterday. Over the last week, the price has fallen by 12.68%.
On the hourly chart, the price of SHIB is near the local support of $0.00001355. If a breakout happens, one can expect an ongoing decline to the $0.000013 range next week.
On the daily time frame, the rate of the meme coin is on the way to the support level of $0.00001303.
Denys SerhiichukIf a breakout happens, there is a possibility of a test of the $0.00001250 zone.
From the midterm point of view, bears are also more powerful than bulls. If the weekly candle closes around the current prices, a fall to the $0.000010 area is the more likely scenario.
SHIB is trading at $0.00001357 at press time.
Dan Burgin
Vladislav Sopov