As a seasoned researcher with extensive experience in cryptocurrency markets, I have closely monitored the recent price movements of various digital assets, including SHIB. Based on the latest data from CoinMarketCap and technical analysis of the SHIB/USD chart, it appears that SHIB is trading sideways today, with a decline of 0.47% since yesterday, and a more significant drop of 5.12% over the last week.
Most coins are trading sideways on the last day of the week, according to CoinMarketCap.
SHIB/USD
In the past 24 hours, SHIB‘s decline amounts to 0.47 percent. Over the last week, there’s been a more substantial decrease of 5.12 percent in its price.
On the hourly chart, SHIB‘s price is trending toward challenging its local resistance at $0.00001715. If buyers manage to maintain control, there could be a breakthrough leading to a potential advance to the $0.00001750 area.
As a crypto investor, I’ve noticed that on the larger time frame, neither the bulls nor the bears have managed to take control yet. Consequently, significant price swings or sharp movements are unlikely to occur in the coming days.
From the midterm point of view, the fall of SHIB continues, and there are no reversal signals yet.
If the $0.000016 region is relinquished by buyers, the stored energy could potentially trigger a surge towards the $0.000014 level.
SHIB is trading at $0.00001704 at press time.
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2024-06-30 18:50