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Sellers have turned out to be more powerful than buyers, according to CoinStats.
SHIB/USD
The rate of SHIB has followed the drop of other coins, going down by 2.59%.
On the hourly chart, the price of SHIB is trading below the support level of $0.00002653. At the moment, there are no reversal signals yet, which means the drop may lead to the test of the $0.000025 zone soon.
On the daily time frame, the rate of SHIB is falling after a false breakout of the $0.000028 area.
Denys SerhiichukIf the bar closes below yesterday's low, traders may expect a decline to the support of $0.00002380 within the next few days.
From the midterm point of view, the price has bounced off the support of $0.00002380. However, if sellers' pressure continues and the candle closes near the mentioned mark, there is a chance to see a breakout, followed by a blast to $0.000020.
SHIB is trading at $0.00002626 at press time.
Godfrey Benjamin
Vladislav Sopov
Dan Burgin