SHIB Price Prediction for May 17
WikiBit 2024-05-19 18:39Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and
The rate of SHIB has risen by 2.34% over the last 24 hours.
Image by TradingView
On the hourly chart, the price of SHIB is breaking the local resistance level of $0.00002510. If buyers manage to hold the gained initiative, the upward move may continue to the $0.000026 area.
Image by TradingView
On the daily time frame, buyers have seized the initiative as bears have failed to keep the fall going after yesterdays bearish candle.
If the bar closes around current prices, traders may expect a test of the $0.000026 level soon.
Image by TradingView
From the midterm point of view, one should attention to to the weekly bar closure. If it happens above $0.00002575, growth may continue to the $0.000027-$0.000028 zone.
SHIB is trading at $0.00002515 at press time.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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