SHIB Price Prediction for June 21

06/21/2024 23:12
SHIB Price Prediction for June 21

Has price of SHIB reached overbought zone yet?

Original U.Today article

SHIB Price Prediction for June 21

Cover image via U.Today

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Most of the coins are not ready for a sharp move, according to CoinStats.

SHIB chart by CoinStats

SHIB/USD

The rate of SHIB has dropped by 0.64% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of SHIB is on its way to the local resistance level of $0.00001826. If the upward move continues and the daily bar closes near the upper line, one can expect a breakout to the $0.000019 zone.

Image by TradingView

On the daily time frame, none of the sides is dominating. Such a statement is also confirmed by the falling volume. 

Related

In this case, ongoing sideways trading in the zone of $0.00001750-$0.000019 is the more likely scenario until the end of the week.

Image by TradingView

From the midterm point of view, the fall of SHIB is continuing after the previous candle's closure. If the situation does not change by the end of the week, there is a chance to see a test of the support of $0.00001519 soon.

SHIB is trading at $0.00001777 at press time.

About the author

article image

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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