Some cryptocurrency prices are climbing on the markets, while others are declining. According to CoinMarketCap, the overall trend remains unbiased.
SHIB/USD
The price of SHIB has risen by 1.02% over the last 24 hours.
On the hourly chart, SHIB‘s price is showing signs of a bullish trend as it approaches the resistance level of $0.00002328. If this level is breached before the end of the day, SHIB’s price could potentially rise to around $0.000024 in the next 24 hours.
Looking at the larger picture, keep an eye on the support level at $0.00002380. If the price breaks above this level, there’s a possibility for further growth towards $0.000025-$0.000026. This trend may continue until the end of the month.
Based on the midterm perspective, neither bulls nor bears have built sufficient momentum for a prolonged advance or decline. The trading volume is minimal, indicating that there’s a lack of significant buying or selling pressure. Consequently, it’s plausible to anticipate sideways movement around $0.000020 and $0.000025 in the coming weeks.
SHIB is trading at $0.00002324 at press time.
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2024-04-20 19:43