U.Today - The market has turned to red again, according to CoinStats.
SHIB/USD
The price of SHIB has fallen by 3.61% since yesterday.
On the hourly chart, the rate of SHIB is closer to the support than to the resistance level. If the picture remains the same by the end of the day, there is a chance to see a test of $0.00001789 by tomorrow.
On the bigger time frame, the price of SHIB is far from the main levels.
However, if bulls lose the interim level of $0.00001750, traders may expect an ongoing downward move to the $0.000017 area soon.
From the midterm point of view, bears are also controlling the situation on the market. If the weekly bar closes near its low, the decline is likely to continue to the nearest support level of $0.00001550.
SHIB is trading at $0.00001813 at press time.
This content was originally published on U.Today
