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Sellers may have seized the initiative, according to CoinStats.
Shipp/US Dollar
SHIB's price has fallen by 5.89% since yesterday.
On the hourly chart, SHIB price is under bear pressure. If the daily bar closes near $0.00002144, one can expect a test of the $0.00002120 area by tomorrow.
On the larger time frame, there are no reversal signals yet. The price is declining after the bearish close it witnessed yesterday.
Related to
If the bulls are not able to seize the initiative soon, traders could see a test of the $0.00002012 level soon.
From a mid-term perspective, the weekly bar is bearish at the moment; However, there are a few days left until it closes. If nothing changes, the decline to the $0.000018 range is likely to continue.
SHIB is trading at $0.00002169 at press time.
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