As a seasoned analyst with years of experience under my belt, I must say that the current state of SHIB/USD seems to be following a familiar pattern for me – a rollercoaster ride that keeps us on our toes! The price drop by 1.68% since yesterday is not uncommon in this volatile market, but it’s the low volume that has my attention.
Sellers are seizing the initiative at the end of the day, according to CoinStats.
SHIB/USD
The price of SHIB has gone down by 1.68% since yesterday.
On the hourly chart, the price of SHIB is in the middle of the local channel.
The sound level has decreased, indicating it’s unlikely we’ll see significant price fluctuations before the day ends.
On a larger time scale, a comparable scenario is unfolding. As long as the price remains under the resistance of $0.00001440, it seems that bears have the upper hand over bulls. Consequently, traders might soon observe a potential fall towards the $0.000013 range.
Each week, the SHIB rate has rebounded from its support level, but it’s still quite close. If selling pressure persists and the price drops to approximately $0.00001266 again, there might be a chance for another test of the important zone around $0.000010.
SHIB is trading at $0.00001375 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- BICO PREDICTION. BICO cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- USD CLP PREDICTION
- VANRY PREDICTION. VANRY cryptocurrency
- USD ZAR PREDICTION
- How to Get the Rooftop Stash at Jaunta’s Hope in Star Wars Outlaws
- ASTO PREDICTION. ASTO cryptocurrency
- ZGD PREDICTION. ZGD cryptocurrency
2024-08-13 19:40