The market has turned to red again, according to CoinStats.
SHIB/USD
The price of SHIB has fallen by 5.21% over the last day.
On the hourly chart, the rate of SHIB is going up after a false breakout of the local resistance of $0.00001235. If bulls can hold the gained initiative, there is a chance of a test of the resistance by tomorrow.
On the bigger time frame, the price of the meme coin has made a false breakout of the formed support of $0.00001230.
If the candle closes far from that mark, traders may witness local growth to the $0.000013 zone.
From the midterm point of view, sellers remain more powerful than bulls. If the weekly bar closes below the interim level of $0.000012, one may expect a test of the support soon.
SHIB is trading at $0.00001265 at press time.
