As a seasoned researcher with a knack for deciphering market trends and a soft spot for Shiba Inu (SHIB), I find myself intrigued by this latest development. The correction at the end of the week, as reported by CoinStats, is not entirely surprising given the volatile nature of the cryptocurrency market.
The correction continues on the market at the end of the week, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by 3.34% over the last day.
On the hourly chart, SHIB’s price is increasing following an unsuccessful breach of its nearby support level at $0.00002707. If buyers manage to maintain control, they might have enough momentum for a challenge of the $0.000028 region in the near future.
On a day-to-day basis, the Shiba Inu coin’s closing rate is moving away from its closest price point of $0.00002683. At this moment, there seems to be insufficient buyer momentum for a significant increase.
In this case, sideways trading in the zone of $0.000027-$0.00002850 is the more likely scenario.
From a midterm perspective, it’s important to keep an eye on the weekly closing prices. If these values deviate significantly from 0.000024 and exceed 0.00002659, there might be a chance for a rebound towards the $0.000030 region.
SHIB is trading at $0.00002745 at press time.
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2024-12-15 13:34