• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

SHIB Price: Analysis of Neutral Position and Movement Projections

user avatar

by Giorgi Kostiuk

10 months ago

The current price of the cryptocurrency SHIB remains stable despite a recent market uptick. Let's examine recent changes and potential outlooks in detail.

Latest SHIB Price Update

The price of SHIB has dropped by 0.3% since yesterday. SHIB is currently trading at $0.00001278.

SHIB Price Chart Analysis

On the hourly chart, SHIB's rate is situated in a narrow channel between the support at $0.00001263 and the resistance at $0.00001287. With declining trading volumes, sharp movements are unlikely any time soon.

SHIB Market Movement Prospects

If buyers manage to restore the rate above $0.000013, it could lead to a move to the $0.00001350-$0.000014 zone. However, the weekly chart presents a less optimistic picture, suggesting sideways trading between $0.000012 and $0.000014 is a more likely scenario.

SHIB's current market position remains neutral, and while there are prospects for future movements, trading volumes indicate a possibility for continued sideways trading in the near term.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

BlackRock: Driving Returns Through Low-Carbon Transition

chest

BlackRock is leveraging the low-carbon transition as a primary driver of portfolio returns.

user avatarGustavo Mendoza

Nuveen TIAA: Setting the Standard for Verified Impact Investing

chest

Nuveen TIAA has emerged as a leader in responsible investing, managing approximately $90 billion in specialized assets and developing a Climate Solutions Investing Framework under CEO Amy O'Brien.

user avatarMiguel Rodriguez

Brookfield Asset Management: A Leader in Decarbonization Efforts

chest

Brookfield Asset Management is recognized as a leader in decarbonization, managing around $900 billion in assets and focusing on renewable energy and private equity.

user avatarRajesh Kumar

Polygon POL Price Experiences Pullback Amid Workforce Reduction

chest

Polygon POL price is experiencing a pullback as the crypto market slows, following reports of workforce reductions at Polygon Labs.

user avatarLuis Flores

China Injects 185 Trillion into Markets, Sparking Global Optimism

chest

China's central bank injects 185 trillion yuan into the financial system to stimulate economic recovery.

user avatarArif Mukhtar

The Impact of Musk's Departure on OpenAI's Funding Strategy

chest

Musk's resignation from OpenAI marked a pivotal shift in the organization's funding approach, leading to a focus on traditional venture capital.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.