At CoinMarketCap, it was noted that buyers were unable to take control of the market as most cryptocurrency coins continued to decline in value.
SHIB/USD
The rate of SHIB has increased by 0.59% over the last day.
On the hourly chart, SHIB‘s price trend appears more optimistic than pessimistic as it is approaching resistance levels rather than support. If the daily closing price hovers around $0.00002247, a breakout and subsequent advance to the $0.000023 region can be anticipated.
In the larger perspective, neither bulls nor bears are strongly controlling the SHIB price. Currently, the Shiba Inu coin is trading at around the same level as yesterday’s close, implying that traders may not experience significant price swings in the near future. Thus, it seems reasonable to expect a continuation of the current consolidation trend between $0.00002150 and $0.000023 for the coming days.
An equivalent image emerges on the weekly graph. The market’s volatility has diminished, suggesting that buying and selling power is weak. Therefore, it’s likely that the price will move sideways near its current level until the end of the month.
SHIB is trading at $0.00002230 at press time.
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2024-04-18 18:25