U.Today - Most of the coins remain in the green zone at the end of the week, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by 1.71% since yesterday.
On the hourly chart, the price of SHIB is rising after a breakout of the local resistance of $0.00002481. If the daily bar closes far from this mark, the upward move is likely to continue to the $0.000026 range.
On the bigger time frame, the rate of SHIB has almost touched the support level of $0.00002283 again. However, bulls have not accumulated enough energy for a further sharp move.
In this regard, sideways trading in the zone of $0.00002450-$0.00002650 is the more likely scenario for the next days.
From the midterm point of view, the price of SHIB is in the middle of the wide channel between the support of $0.00002107 and the resistance of $0.00002954. As neither bulls nor bears are dominating, traders may witness an ongoing consolidation in the range of $0.000022-$0.000028.
SHIB is trading at $0.00002519 at press time.
This content was originally published on U.Today
