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Sellers don't give up so easily on the last day of the week, according to CoinStats.
Shipp/US Dollar
SHIB's price is down 2.07% since yesterday.
On the hourly chart, SHIB price broke the local support level. If the bulls are unable to seize the initiative by the end of the day, the decline could lead to a test of the $0.00002360 area soon.
On the larger time frame, one should pay attention to yesterday's low.
Related to
If a daily close occurs around that area, traders could see a sustained correction to the $0.000023 range.
From a mid-term perspective, the picture looks more positive. If the weekly bar closes near the $0.00002408 resistance level, the upward movement may continue to the $0.000026 level.
SHIB is trading at $0.00002385 at press time.
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 responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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