U.Today - Buyers are controlling the situation at the end of the week, according to CoinStats.
SHIB/USD
The rate of SHIB has risen by 0.07% since yesterday. Over the last week, the price has fallen by 12.68%.
On the hourly chart, the price of SHIB is near the local support of $0.00001355. If a breakout happens, one can expect an ongoing decline to the $0.000013 range next week.
On the daily time frame, the rate of the meme coin is on the way to the support level of $0.00001303.
If a breakout happens, there is a possibility of a test of the $0.00001250 zone.
From the midterm point of view, bears are also more powerful than bulls. If the weekly candle closes around the current prices, a fall to the $0.000010 area is the more likely scenario.
SHIB is trading at $0.00001357 at press time.
This content was originally published on U.Today
