Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Most of the coins keep slightly rising, according to CoinStats.
SHIB/USD
The price of SHIB has risen by almost 2% over the last day.
On the hourly chart, the rate of SHIB is looking bullish as the rate is trying to come back to the recently formed local resistance level of $0.00000826.
If it manages to achieve it and fix above, the rise may lead to a test of the $0.00000830-$0.00000840 zone soon.
On the bigger time frame, it is too early to make any predictions as the price is far from the resistance of $0.00000851. In this case, sideways trading in the area of $0.0000080-$0.00000830 is the more likely scenario for the next few days.
On the weekly chart, one should focus on the bar’s closure in terms of the last candle low. If it happens far from the last candle low, there is a chance to see a bounce back to $0.00000850 shortly.
SHIB is trading at $0.00000825 at press time.
Source: https://u.today/shib-price-analysis-for-november-24