Neither buyers nor sellers are dominating at the end of the week, according to CoinStats.
SHIB/USD
The price of SHIB has fallen by 0.34% over the last day.
On the hourly timeframe, SHIB’s price trend remains bearish, hovering close to its current support level of approximately 0.00002158 USD. Should a breakout occur, traders could expect a potential test of the 0.00002150 range shortly afterward.
Looking at the larger time perspective, buyers couldn’t sustain the upward trend following yesterday’s bullish close. If today’s candle ends near the current levels, it may accumulate enough momentum for a potential push towards the $0.000021 region.
For the weekly view, the scenario is rather consistent. At present, the area around 0.000020 becomes crucial for any potential price fluctuations.
If sellers break it, the next zone where a bounce back is possible is $0.000018.
SHIB is trading at $0.00002165 at press time.
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2025-01-12 13:21