Most of the coins are in the red zone today; however, there are some exceptions to the rule, according to CoinStats.
SHIB/USD
The rate of SHIB has dropped by 0.79% over the past day.
On the hourly chart, the price of SHIB is in the middle of the narrow channel, between the support of $0.00001264 and the resistance of $0.00001297.
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In this case, there are low chances of seeing sharp moves by tomorrow.
On the bigger time frame, none of the sides is dominating as the rate is far from main levels. If bulls want to seize the initiative, they need to restore the price above the interim zone of $0.000013.
From the midterm point of view, the situation is quite the opposite. If sellers' pressure continues, one can expect a support breakout, followed by a continued drop to the $0.000012 range.
SHIB is trading at $0.00001283 at press time.
