U.Today - The prices of the majority of the coins are going up today, according to CoinStats.
SHIB/USD
The rate of SHIB has declined by 1.10% over the last 24 hours.
On the hourly chart, the price of SHIB is more bearish than bullish.
If the rate does not return above $0.000020 soon, one may witness a support breakout, followed by a further correction to the $0.00001960-$0.00001970 zone.
On the bigger time frame, traders should focus on the nearest support level of $0.00001954. If the daily bar closes near it or below, the fall is likely to continue to the $0.000019 area.
On the weekly chart, bears are also more powerful than bulls. If the candle closes around the current prices, there is a possibility of a test of the $0.000016-$0.000018 range within the next few days.
SHIB is trading at $0.00001993 at press time.
This content was originally published on U.Today
