SHIB Price Prediction for February 18

Most coins are rising at the end of the week, according to CoinStats.

SHIB/USD

The price of SHIB has increased by almost 1% since yesterday.

On the hourly time frame, the rate of SHIB is growing after a false breakout of the local support at $0.00000959.

If the daily candle closes around the current prices and with no long wicks, the growth may lead to a test of the vital zone of $0.000010.

On the bigger chart, neither bulls nor bears are dominating. Only if the bar returns to $0.000010 is there a possibility of an ongoing bullish trend. However, until it happens, traders may witness a local correction.

A similar situation is on the weekly time frame. At the moment, the rate is in the middle of the wide channel between the support of $0.00000827 and the resistance of $0.00001136. As neither side has seized the initiative yet, ongoing consolidation around the $0.000010 zone is the more likely scenario until the end of the month.

SHIB is trading at $0.00000978 at press time.

Source