SHIB Price Trend Analysis
The latest data from CoinStats suggests that the majority of cryptocurrencies are currently stagnant in terms of price movements. Specifically, SHIB has seen a slight decrease of 0.64% in its value over the last 24 hours. Examining the hourly chart reveals SHIB approaching the local resistance level at $0.00001826, with a potential breakout towards the $0.000019 zone if the upward trend persists.
On the daily chart, no definitive dominance is observed, reflected by the dwindling trading volume. This implies a probability of continued sideways trading between $0.00001750 and $0.000019 until the week concludes.
Looking ahead to the mid-term, the downward trend in SHIB remains unchanged after the recent candle closure. Should this trend persist, a test of the $0.00001519 support level may be imminent by the week's end.
Presently, SHIB is valued at $0.00001777.
