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The rates of most of the coins are again rising, according to CoinStats.
SHIB/USD
The price of SHIB has gone up by 1.50% since yesterday.
On the hourly chart , the rate of SHIB is in the middle of the local channel, which means that none of the sides is dominating.
In this case, continued sideways trading around $0.00002550 is the more likely scenario until the end of the day.
On the bigger time frame, today’s fall has not affected the overall technical picture. If today’s bar closes around the current prices, we can expect an ongoing consolidation between $0.000025 and $0.000026 until the end of the week.
On the weekly time frame, the situation is similar. However, if the weekly candle closes below the previous candle high, the decline may continue to the $0.000020 area.
SHIB is trading at $0.00002549 at press time.
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