u.today
The market has turned to red at the end of the week, according to CoinStats.
$SHIB/USD
The price of $SHIB has declined by almost 9% over the last day.
On the hourly chart, the rate of $SHIB is near the local support of $0.00002428. If sellers' pressure continues, one can expect a level breakout, followed by a drop to the $0.00002350-$0.000024 range.
On the bigger time frame, the price of $SHIB is going down after yesterday's bullish closure. If the candle closes near its low, the decline may lead to a test of the support of $0.00002283 the upcoming week.
From the midterm point of view, neither side is dominating as the rate of $SHIB is in the middle of the wide channel.
In this case, sideways trading in the zone of $0.000024-$0.000028 is the more likely scenario.
$SHIB is trading at $0.00002478 at press time.