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Bears are coming back to the game, according to CoinStats data.
SHIB/USD
The price of SHIB has fallen by 0.41% over the last day.
On the hourly chart, the price of SHIB is on the way to the local support of $0.00001266. If the sellers' pressure continues, traders may expect SHIB to trade near the $0.00001250 mark.
On the daily time frame, sideways trading remains the more likely scenario. Such a statement is confirmed by the falling volume.
Denys SerhiichukAll in all, traders may witness an ongoing consolidation in the area of $0.00001250-$0.000013 over the next few days.
From the mid-term point of view, the situation is similar. If the weekly bar closes around the current prices, there is a low chance of sharp ups or downs.
SHIB is trading at $0.00001274 at press time.
Vladislav Sopov
Dan Burgin