U.Today - Most of the cryptocurrencies have returned to the green zone; however, there are some exceptions to the rule, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by 2.14% over the last day.
The price of SHIB might have set a local support level of $0.00002030. If the daily bar closes far from that mark, one can expect a test of the resistance by tomorrow.
On the daily chart, one should focus on the interim level of $0.000020. If its breakout occurs, the accumulated energy might be enough for a dump to the nearest resistance of $0.00001853.
Such a scenario is relevant until the end of the week.
From the midterm point of view, the picture is rather more bearish than bullish. If buyers lose the $0.000020 area, traders may witness a test of the $0.000018 range soon.
SHIB is trading at $0.00002068 at press time.
This content was originally published on U.Today
