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Most cryptocurrencies are back in the green zone; However, there are some exceptions to this rule, according to CoinStats.
Shipp/US Dollar
SHIB price fell by 2.14% over the past day.
SHIB price may have set a local support level of $0.00002030. If the daily bar closes away from that mark, one can expect a test of resistance by tomorrow.
On the daily chart, the temporary level at $0.000020 should be in focus. If a breakout occurs, the accumulated energy may be enough to discharge to the nearest resistance of $0.00001853.
Related to
Such a scenario is valid until the end of the week.
From a mid-term perspective, the picture is more bearish than bullish. If buyers miss the $0.000020 area, traders could see a test of the $0.000018 range soon.
SHIB is trading at $0.00002068 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
