U.Today - The correction continues on the market at the end of the week, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by 3.34% over the last day.
On the hourly chart, the price of SHIB is rising after a false breakout of the local support level of $0.00002707. If buyers can hold the gained initiative, the accumulated energy might be enough for a test of the $0.000028 zone soon.
On the daily time frame, the rate of SHIB is about to close far from the nearest level of $0.00002683. However, buyers do not have enough energy to grow yet.
In this case, sideways trading in the zone of $0.000027-$0.00002850 is the more likely scenario.
From the midterm point of view, one should focus on the weekly closure. If it happens far from $0.000024 and above $0.00002659, there is a possibility of a bounce back to the $0.000030 area.
SHIB is trading at $0.00002745 at press time.
This content was originally published on U.Today
