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Buyers have come back to the game, according to CoinMarketCap.
SHIB/USD
The price of SHIB has increased by 6.45% over the last 24 hours.
On the hourly chart, the rate of SHIB is closer to the local support than to the resistance. If buyers lose the interim level of $0.00002540, the drop may continue to the $0.000025 zone soon.
On the bigger time frame, buyers could not keep the growth going after yesterday's bullish closure.
Denys SerhiichukIf the candle closes far from the $0.000026 mark, there is a chance to see a correction to $0.000025.
From the midterm point of view, it is too early to make any predictions. However, if the weekly bar closes above $0.000026 and with no long wick, the upward move may continue to the resistance level of $0.00002820.
SHIB is trading at $0.00002561 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin