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 majority of cryptocurrencies are rising today, according to CoinStats.
SHIB/USD
The rate of SHIB has increased by 6.61% over the last 24 hours.
Despite today's rise, the price of SHIB is still looking bullish on the hourly chart. The rate is trading near the local resistance of $0.00002582.
Denys SerhiichukIf the situation does not change by the end of the day, one can expect a breakout followed by a move to the $0.000026-$0.00002650 zone.
On the daily chart, the price of the meme coin has broken the resistance of $0.00002467. If the bar closes with no long wick, the upward move may continue to $0.000027 next week.
On the weekly time frame, the rate of SHIB has once again bounced off the support level of $0.00002136. But neither side is dominating at the moment. All in all, an ongoing consolidation in the zone of $0.000024-$0.000028 is the more likely scenario.
SHIB is trading at $0.00002564 at press time.
Gamza Khanzadaev
Dan Burgin
Alex Dovbnya
Vladislav Sopov