15
The prices of most of the coins are in the red zone today, according to CoinMarketCap.
$SHIB/USD
$SHIB is the exception to the rule as its price has gone up by 1.77% over the past day.
On the hourly chart, the rate of $SHIB is on its way to the local support of $0.00000902. If its breakout happens, the fall is likely to continue to the $0.00000880-$0.00000890 range soon.
On the longer time frame, the price of $SHIB is far from key levels. In this case, traders should focus on the daily bar's closure.
If it happens with a long wick, there is a high chance of seeing an ongoing drop to the support of $0.00000832.
From the midterm point of view, one should focus on the weekly candle's closure in terms of the $0.00000832 level. If the bar closes below it, traders may witness a further drop to the $0.000007-$0.000008 range.
$SHIB is trading at $0.00000906 at press time.
coindesk.com
coinedition.com
1
thecryptobasic.com