As a seasoned analyst with years of experience navigating the cryptocurrency market, I find myself intrigued by the current state of SHIB/USD. Having seen numerous bull and bear runs, I can’t help but feel a sense of deja vu looking at the SHIB chart.
The majority of the cryptocurrencies have returned to the green zone, according to CoinStats.
SHIB/USD
The rate of SHIB has gone up by 0.59% since yesterday.
On the hourly chart, the Shiba Inu coin’s value has returned to its nearby support level at approximately 0.00001319 USD. Should it breach this level, traders might observe a quick drop down to around the 0.000013 area in the near future.
In simpler terms, for the day, Shiba Inu coin’s trading rate is within yesterday’s price range. If today’s candle (session) ends close to the current prices, it seems likely that the coin will continue to consolidate or stay within a narrow range of approximately $0.000013 to $0.000014.
Looking at the midpoint perspective, the trend continues to appear bearish since the price hasn’t significantly rebounded away from its support level yet.
If the pressure from sellers persists, it might lead to a breakthrough at a new level, possibly triggering a deeper decline towards the $0.000012 region.
SHIB is trading at $0.00001323 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- BICO PREDICTION. BICO cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- USD COP PREDICTION
- VANRY PREDICTION. VANRY cryptocurrency
- USD PHP PREDICTION
- USD CLP PREDICTION
- USD ZAR PREDICTION
- FJO PREDICTION. FJO cryptocurrency
2024-09-17 17:46