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Some coins keep setting new local peaks, while others have come back to the red zone, according to CoinStats.
SHIB/USD
The price of SHIB has increased by 1.36% since yesterday.
On the hourly chart, the rate of SHIB has broken the local resistance of $0.00002421. If the daily candle closes far from this mark, growth may lead to a test of the $0.000025 range soon.
A less positive picture can be seen on the daily time frame. At the moment, the price of the meme coin is closer to the support level.
Denys SerhiichukHowever, if today's bar reaches $0.000025, traders may witness an ongoing rise to the $0.000026 mark by the end of the week.
From the midterm point of view, neither buyers nor sellers are dominating. If nothing changes by the end of the week, ongoing consolidation in the range of $0.000023-$0.000026 is the most likely scenario.
SHIB is trading at $0.00002456 at press time.
Tomiwabold Olajide
Vladislav Sopov
Dan Burgin