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SHIB Price Prediction for May 28

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Tue, 28/05/2024 - 15:50
SHIB Price Prediction for May 28
Cover image via U.Today

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The correction has returned to the crypto market, according to CoinStats.

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SHIB chart by CoinStats

SHIB/USD

The rate of SHIB is almost unchanged since yesterday.

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Image by TradingView

On the hourly chart, the price of SHIB might have found a local resistance level of $0.00002622. However, one should pay attention to the daily closure. 

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If it happens far from that mark, there is a chance to see a correction to $0.000025.

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Image by TradingView

On the daily time frame, the situation remains unclear. The rate of SHIB keeps accumulating energy for a further sharp move. In this case, traders are unlikely to see ups or downs right away.

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Image by TradingView

From the midterm point of view, one should focus on the weekly bar in terms of the previous candle peak. If it happens above $0.00002686, the upward move may lead to the test of the resistance of $0.00002820 shortly.

SHIB is trading at $0.00002575 at press time.

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