The week is ending bearish for most coins, according to CoinStats.
![](https://cnews24.ru/uploads/4e3/4e35a17cda8989c049156abf78d4d07419f398ea.png)
SHIB/USD
The rate of SHIB has fallen by almost 12% over the last 24 hours.
![](https://cnews24.ru/uploads/40b/40b61e21ce92b0497a1afd23a51851b0905a7e57.png)
On the hourly chart, the price of SHIB is in the middle of the local channel between the support of $0.00002056 and the resistance of $0.00002299.
As most of the daily ATR has been passed, ongoing sideways trading around $0.000022 is the more likely scenario until the end of the day.
![](https://cnews24.ru/uploads/013/013b8a6b7e3b19b0b784d685b1b198a9275b3586.png)
On the daily time frame, the rate of SHIB has bounced off the support level of $0.000019. At the moment, one should pay attention to the candle closure. If it happens far from that mark, there is a chance to see a local upward move to the $0.000024 zone.
![](https://cnews24.ru/uploads/f50/f5032f2afa1cf18128b17b3455026d8a4677f381.png)
From the midterm point of view, the picture is less positive. If the weekly bar closes around the current prices, the drop may lead to a further correction to the $0.000016-$0.000018 range.
SHIB is trading at $0.00002174 at press time.