Most of the coins are back in the green zone today, according to CoinStats.
SHIB/USD
The price of SHIB has increased by 4.47% since yesterday.
On the hourly chart, the value is currently sitting within a tight range, sandwiched between the support at approximately 0.00002110 and the resistance at about 0.00002169. Given that much of the daily Average True Range (ATR) has already been traversed, it’s unlikely we’ll see significant price swings in the near future.
Over a more extended period, the market condition isn’t showing clear signs of growth (bullish) or decline (bearish), as the value of the meme coin currently falls within the range covered by yesterday’s price movement.
In this case, ongoing consolidation in the area of $0.000021-$0.000022 is the most likely scenario.
Looking at the midpoint of the week, it’s advisable to hold off until the weekly candle has closed. If it ends near the current price levels, there’s a relatively small chance of significant price fluctuations occurring.
SHIB is trading at $0.00002148 at press time.
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2025-01-14 19:13