The end of the week is under sellers’ pressure, according to CoinStats.
SHIB/USD
The price of SHIB has declined by 2.32% over the last 24 hours.
On the hourly chart, the rate of SHIB is near the support of $0.00001273. If a bounce back does not happen by the end of the day, one can expect a further correction to the $0.00001250 range.
On the bigger time frame, the price of SHIB is in the middle of the wide channel between the support of $0.00001173 and the resistance of $0.00001428.
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As neither side is dominating, any sharp moves are unlikely to happen by tomorrow.
From the midterm point of view, the situation is similar. The volume is low, which means ongoing sideways trading in the range of $0.000012-$0.000014 is the more likely scenario.
SHIB is trading at $0.00001294 at press time.