As an experienced analyst, I have studied the current market trends and the performance of various cryptocurrencies extensively. Based on my analysis of the information provided in the text, I believe that SHIB is currently showing mixed signals. On one hand, the hourly chart indicates a possible bounce off resistance at $0.00002078, which could lead to a potential breakout and move towards the $0.000021 zone.
Almost no coins from the top 10 list are ready for a sharp move, according to CoinStats.
SHIB/USD
As a researcher studying the cryptocurrency market, I’ve observed that SHIB experienced a 0.12% increase in value since the previous day. However, over the past week, the price of SHIB has decreased by 10.6%.
On the hourly chart, SHIB‘s price has rebounded from the resistance point of $0.00002078. The bears hold the upper hand as long as the price remains beneath this level.
But if a breakout happens, the blast may continue to the $0.000021 zone.
From a broader perspective, I’ve observed that the current trading rate falls within the parameters of yesterday’s candlestick. However, should the daily candle conclude above $0.000021, there is a strong likelihood that we will encounter a retest of the resistance zone encompassing $0.00002150 to $0.000022 in the near future.
On the weekly price chart, if the cost fails to challenge the support of $0.00001830, sellers may take control and potentially push the value down towards the support zone of $0.000017-$0.000018.
SHIB is trading at $0.00002071 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- BICO PREDICTION. BICO cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- VANRY PREDICTION. VANRY cryptocurrency
- USD COP PREDICTION
- USD PHP PREDICTION
- USD CLP PREDICTION
- EUR RUB PREDICTION
2024-06-16 21:21