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Most coins are back in the green today, according to CoinStats.
Shipp/US Dollar
SHIB's price has increased by 4.47% since yesterday.
On the hourly chart, the price is in the middle of a narrow channel between the $0.00002110 support and $0.00002169 resistance. As most of the daily ATR is crossed, there are low chances to expect sharp movements soon.
On the longer time frame, the situation is neither bullish nor bearish as the price of the meme coin is located within yesterday's candle.
Related to
In this case, a sustained consolidation in the $0.000021 - $0.000022 area is the most likely scenario.
From a mid-term point of view, you should wait until the close of the weekly candle. If this happens near current prices, there are low chances of seeing sharp rises or falls.
SHIB is trading at $0.00002148 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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