SHIB Price Prediction for May 17

Bulls are not giving up at the end of the week, according to CoinStats.

SHIB/USD

The rate of SHIB has risen by 2.34% over the last 24 hours.

On the hourly chart, the price of SHIB is breaking the local resistance level of $0.00002510. If buyers manage to hold the gained initiative, the upward move may continue to the $0.000026 area.

On the daily time frame, buyers have seized the initiative as bears have failed to keep the fall going after yesterday’s bearish candle.

If the bar closes around current prices, traders may expect a test of the $0.000026 level soon.

From the midterm point of view, one should attention to to the weekly bar closure. If it happens above $0.00002575, growth may continue to the $0.000027-$0.000028 zone.

SHIB is trading at $0.00002515 at press time.

Source