The market remains mainly in the green zone, according to CoinStats.
SHIB chart by CoinStats
SHIB/USD
The rate of SHIB has fallen by 0.22% over the past day.
Image by TradingView
On the hourly chart, the price of SHIB is near the local support of $0.00001414. If the daily bar closes near that mark, the fall is likely to continue to the $0.000014 area soon.
Image by TradingView
On the bigger time frame, the picture is also bearish. The rate of the meme coin is coming back to the support of $0.00001397.
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If its breakout happens, the accumulated energy might be enough for a test of the $0.00001350 mark.
Image by TradingView
From the midterm point of view, the price of SHIB is falling after a false breakout of the resistance of $0.00001734. However, the rate is far from key levels. In this case, sideways trading in the range of $0.00001350-$0.000015 is the most likely scenario.
SHIB is trading at $0.00001426 at press time.
