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.
The correction has returned to the crypto market, according to CoinStats.
SHIB/USD
The rate of SHIB is almost unchanged since yesterday.
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.
Denys SerhiichukIf it happens far from that mark, there is a chance to see a correction to $0.000025.
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.
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.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin