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.
The last day of the week is mainly bullish, however, there are some exceptions, according to CoinMarketCap.
SHIB/USD
The rate of SHIB has increased by 0.56% over the past day.
On the hourly chart, the price of SHIB is returning to the local support level of $0.00001406. If buyers fail to seize the initiative by the end of the day, one can expect a breakout followed by a further drop to the $0.00001390 zone.
On the bigger time frame, the bar is about to close far from today’s peak. If nothing changes, bears may be back in the game again, which can lead to a test of the $0.000014 area.
From the midterm point of view, the rate of SHIB has made a false breakout of the support level of $0.00001266.
Related
If the weekly candle closes around the current prices, traders may witness sideways trading in the area of $0.000013-$0.000015 over the next few days.
SHIB is trading at $0.00001415 at press time.
Credit: Source link
