According to CoinStats, most cryptocurrencies are back in the green zone.
SIB/USD
The SHIB rate has increased by 0.59% since yesterday.
On the hourly chart, the SHIB price returned to local support at $0.00001319. If it breaks out, traders could soon witness a fall to the $0.000013 zone.
On the daily chart, the SHIB rate is trading within yesterday’s bar. If the candle closes near current prices, we can expect continued consolidation in the range of $0.000013-$0.000014.
From a medium-term perspective, the picture remains bearish as the price has not bounced far from support.
If selling pressure continues, there is a chance to see a breakout of the level, followed by a deeper decline to the $0.000012 zone.
At the time of publication, SHIB is trading at $0.00001323.
