SHIB Price Prediction for March 6

Most of the coins are keeping their bull run, however, there are some exceptions to the rule, according to CoinMarketCap.

SHIB/USD

The rate of SHIB has fallen by 10% over the last 24 hours.

On the hourly chart, one should pay attention to the daily closure in terms of the local resistance level of $0.00003947. If the candle comes back to that mark, growth may continue to the $0.000040-$0.000042 zone soon.

On the bigger time frame, the rate of SHIB is trying to continue its growth after yesterday’s dump. At the moment, the price is below the level of $0.00003650.

However, if buyers can seize the initiative and the bar closes above it and with no long wick, there is a chance to see a test of the vital zone of $0.000050.

On the weekly chart, there are no reversal signals yet, however, one should focus on the bar closure. If it happens far from its peak, traders may witness a correction to the nearest support zone around $0.000030.

SHIB is trading at $0.00003630 at press time.

Source