As a seasoned crypto investor with a knack for spotting trends and navigating through market volatility, I find myself intrigued by the current state of SHIB. Having been through several bull and bear markets, I’ve learned to read charts like a book.
In other words, based on CoinStats, certain coins are reaching new highs in their immediate area, while others have returned to a bearish trend.
SHIB/USD
The rate of SHIB has increased by 0.25% over the last 24 hours.
On an hourly basis, the value of SHIB has rebounded from its nearby support point at 0.00001801 USD. If today’s daily closing price deviates significantly from this level, it may indicate potential growth towards the resistance level by tomorrow.
In a broader perspective, traders should pay attention to whether today’s candle closes above the lowest point of yesterday’s candle.
Should an event occur that could potentially push prices down, there’s a possibility we might witness a significant drop towards the range of $0.000017 to $0.00001750.
Looking from a mid-term perspective, it’s advisable to hold off trading until the end of the current weekly candlestick. Should it close near the present price levels, traders might observe a potential retest of the $0.000017 region in the near future.
SHIB is trading at $0.00001817 at press time.
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2024-10-22 20:08