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Sellers dominate today, according to CoinStats.
Shipp/US Dollar
SHIB is down nearly 10% in the past 24 hours.
On the hourly chart, SHIB price is in the middle of a narrow channel between the $0.00002123 support and $0.00002198 resistance. However, if the buyers pressure continues, there is a chance to see a test of the upper level by tomorrow.
On the longer time frame, there are no reversal signals yet, which means there is still potential to see further downward movement. This may happen if the bar closes near $0.00002120 or lower.
From a mid-term perspective, sellers are trying to get back in the game.
Related to
If the weekly candle closes around or below $0.00002050, the correction to the $0.000019 area is likely to continue.
SHIB is trading at $0.00002163 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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