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The prices of the majority of coins continue to grow, according to CoinStats.
Shipp/US Dollar
SHIB's price has increased by 6.82% since yesterday.
On the hourly chart, focus should be placed on the close of the daily bar in terms of the local resistance of $0.00002463. If it happens around this mark, the accumulated energy could be enough to move to the $0.000025 area.
On the larger time frame, SHIB price once again tested the $0.00002464 resistance.
Related to
If the bar closes not far from that mark or even higher, one could see a breakout of the level, followed by a test of the $0.000025-$0.000026 range soon.
From a mid-term perspective, it is too early to make any long-term forecasts. However, if the weekly candle closes around the current prices, there is a chance to see a continued upward movement.
SHIB is trading at $0.00002420 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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