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The rates of the majority of the coins keep falling, according to CoinStats.
SHIB/USD
The price of SHIB has dropped by 1.41% over the last day.
On the hourly chart, the rate of SHIB has bounced off the local support of $0.00001233.
If bulls can hold the gained initiative, there is a chance to witness a test of the resistance by tomorrow.
On the bigger time frame, there are no reversal signals yet. If the daily candle closes near its low, the drop may continue to the nearest support of $0.00001212 by the end of the week.
On the weekly chart, the price of SHIB is falling after the previous bearish closure. If nothing changes, traders may expect a test of the $0.00001050-$0.00001150 range soon.
SHIB is trading at $0.00001244 at press time.
Vladislav Sopov