u.today
The crypto market is mainly falling today, according to CoinStats.
$SHIB/USD
The price of $SHIB has declined by 0.42% over the last day.
On the hourly chart, the rate of $SHIB is closer to the support than to the resistance level. However, if the growth continues, one can expect a test of the resistance by tomorrow.
On the bigger time frame, the situation is also more bearish than bullish.
If the daily bar closes below $0.00001397, traders may witness a support breakout, followed by a move to the $0.00001350 zone.
From the midterm point of view, one should pay attention to the weekly bar closure in terms of the nearest level of $0.00001397. If the candle closes below it, the fall may continue to the $0.000012 area.
$SHIB is trading at $0.00001438 at press time.