Source: CryptoNewsNet
Original Title: SHIB Price Analysis for January 13
Original Link:
Most of the coins keep setting new local peaks, according to CoinStats.
SHIB/USD
The rate of SHIB has risen by 3.68% since yesterday.
On the hourly chart, the price of SHIB may have set a local resistance at $0.0000088. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the rate of SHIB is going up after a false breakout of the local support at $0.00000835.
If the daily bar closes around current prices, traders may expect an ongoing upward move to the $0.0000090 zone shortly.
From the midterm point of view, the situation is less bullish. The price is far from the support and resistance levels, which means there are low chances of seeing increased volatility for the rest of the month.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
SHIB Price Analysis for January 13
Source: CryptoNewsNet Original Title: SHIB Price Analysis for January 13 Original Link: Most of the coins keep setting new local peaks, according to CoinStats.
SHIB/USD
The rate of SHIB has risen by 3.68% since yesterday.
On the hourly chart, the price of SHIB may have set a local resistance at $0.0000088. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the rate of SHIB is going up after a false breakout of the local support at $0.00000835.
If the daily bar closes around current prices, traders may expect an ongoing upward move to the $0.0000090 zone shortly.
From the midterm point of view, the situation is less bullish. The price is far from the support and resistance levels, which means there are low chances of seeing increased volatility for the rest of the month.
SHIB is trading at $0.00000866 at press time.