SHIB Price Analysis for November 15

The cryptocurrency market is trading in neutral mode, according to CoinStats.

SHIB/USD

The rate of SHIB has declined by 0.35% over the last 24 hours.

Despite today’s fall, the price of SHIB is looking bullish on the local chart. The rate is trying to break the resistance level of $0.00000861. If that happens, the upward move is likely to continue to the $0.000009 area.

On the daily time frame, the price of SHIB is far from the support and resistance levels. Thus, the volume has fallen, which means that there are low chances to expect any shape moves soon.

Respectively, sideways trading in the range of $0.000008-$0.000009 is the the more likely scenario for the next few days.

On the bigger chart, the rate is trading within the previous weekly bar. If buyers want to keep the rise going, they need to restore the price to the $0.0000950 mark.

SHIB is trading at $0.00000857 at press time.

Source