As a seasoned crypto investor with battle-scarred fingers from navigating through countless market cycles, I find myself intrigued by the latest SHIB/USD price movement. Having witnessed SHIB’s meteoric rise and subsequent correction, I must say that this coin never ceases to surprise me.
Most of the coins remain in the green zone at the end of the week, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by 1.71% since yesterday.
On the one-hour graph, SHIB’s price has increased following a burst through the nearby resistance at approximately $0.00002481. If today’s bar ends significantly away from this level, it’s probable that the uptrend will persist towards the $0.000026 range.
Looking at a larger perspective, the Shiba Inu coin’s rate is nearly back to the $0.00002283 support level once more. Yet, the bulls haven’t built up sufficient momentum for another significant surge ahead.
Regarding the upcoming days, it seems more probable that the price will move laterally within the range of approximately $0.00002450 to $0.00002650.
Currently, SHIB’s price is hovering around the midpoint of its channel. This means it’s situated between the support level at approximately $0.00002107 and the resistance level at about $0.00002954. Since neither the bulls nor the bears are in full control, there might be continued price action within the range of $0.000022 to $0.000028.
SHIB is trading at $0.00002519 at press time.
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2024-11-17 16:54