As a researcher with extensive experience in analyzing cryptocurrency markets, I have closely monitored the recent correction in the crypto market, as reported by CoinStats. While SHIB‘s rate remains almost unchanged since yesterday, it is essential to keep an eye on both short-term and long-term trends.
The correction has returned to the crypto market, according to CoinStats.
SHIB/USD
The rate of SHIB is almost unchanged since yesterday.
As an analyst, I’ve noticed on the hourly chart that Shib’s price has potentially hit a local resistance level at $0.00002622. But keep in mind, it’s crucial to monitor the closing price on the daily chart for a clearer picture.
If it happens far from that mark, there is a chance to see a correction to $0.000025.
From my perspective as an analyst, the day-to-day trend for SHIB is uncertain. However, on the larger timeframe, the price action is building momentum for a significant move. As such, traders may not notice any clear upward or downward trends in the short term.
As an analyst looking at the mid-term perspective, I would advise focusing on the weekly candlestick chart and considering the position of the previous candle’s peak. If this level is surpassed, reaching above $0.00002686, then an upward trend could potentially develop, leading to a challenge of the resistance at $0.00002820 in the near term.
SHIB is trading at $0.00002575 at press time.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- AVAX PREDICTION. AVAX cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- EUR KRW PREDICTION
- USD PHP PREDICTION
- RARE PREDICTION. RARE cryptocurrency
- NLS PREDICTION. NLS cryptocurrency
- Call of Duty: MW3 and Warzone Season 5 Reloaded Update Patch Notes Revealed
- BCH PREDICTION. BCH cryptocurrency
2024-05-28 18:55