How Long Will SHIB's Sideways Movement Last? Price Analysis and Prediction

Stay up-to-date with the latest SHIB price analysis and prediction. Learn about the current sideways movement and potential scenarios for the price of SHIB in the coming days.

Posted 8 months ago in Altcoins

A chart showing the price movement of SHIB cryptocurrency

Most of the coins keep falling, according to CoinStats. Top coins by CoinStats SHIB/USD. The price of SHIB has fallen by 1% since yesterday.

On the hourly chart, the rate of SHIB is more bearish than bullish as the price keeps trading not far from the support level. If the situation does not change by the end of the day, a test of $0.00000726 may happen tomorrow.

On the daily time frame, bulls could not keep yesterday's rise, which means it is too early to think about a reversal. In this regard, a consolidation in the narrow range of $0.00000720-$0.00000740 is the more likely scenario for the next few days.

On the bigger chart, neither bulls nor bears are dominating as the price of SHIB is trading within the previous weekly candle. This means that traders are unlikely to see any sharp moves soon.

Buyers might only seize the initiative if they restore the rate above the $0.00000850 area. SHIB is trading at $0.00000732 at press time.

Last updated 9/21/2023, 10:45:55 AM


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