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Some coins have come back to the red zone, according to CoinMarketCap.
SHIB/USD
The rate of SHIB is unchanged since yesterday.
On the hourly chart, the price of SHIB has made a false breakout of the local support of $0.00001830. If the daily bar closes far from that mark, growth may continue to the resistance by tomorrow.
On the bigger time frame, the rate of the meme coin is far from key levels. At the moment, one should pay attention to the resistance of $0.00002017.
Denys SerhiichukWhen the price of SHIB gets to this mark and breaks it, the accumulated energy might be enough for a test of the $0.000021-$0.000022 range.
From the midterm point of view, the picture is quite similar. Currently, the rate of SHIB is neither bullish nor bearish. In this case, ongoing sideways trading in the zone of $0.000018-$0.000020 is the more likely scenario.
SHIB is trading at $0.00001855 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team