Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Buyers have turned out to be more powerful than bears at the beginning of the weekend, according to CoinStats.
SHIB/USD
The price of SHIB has declined by 0.33% over the last 24 hours.
On the hourly chart, the rate of SHIB is rising after a bounce back from the local support level of $0.00002453. If the daily bar closes far from it, the upward move may continue to the resistance of $0.00002520.
On the bigger time frame, today’s rise has not affected the overall technical picture of DOGE. Such a statement is also confirmed by the falling volume.
Related
In this case, sideways trading in the narrow range of $0.00002450-$0.00002550 is the more likely scenario for the next week.
From the midterm point of view, the weekly bar is about to close far from its peak. If bulls cannot change the situation, traders are unlikely to see an upward move by the end of the month.
SHIB is trading at $0.00002484 at press time.
