CandleFocus SHIB Price Prediction for February 15
2025-02-15
Author: Content Editor
According to CoinStats, bulls are attempting to maintain the momentum in the cryptocurrency market. The price of SHIB has increased slightly by 0.45% in the past day. On the hourly chart, SHIB's rate is near a support level of $0.00001658, and if a breakout occurs, it could potentially reach the $0.00001640 range by tomorrow. However, in the larger time frame, neither buyers nor sellers have a strong dominance, and the volume is decreasing, indicating that significant price movements are not expected in the near future. The most likely scenario is consolidation within the range of $0.000016-$0.000017. In the medium term, it is important to observe the weekly bar closure relative to the previous high, particularly if it closes above the $0.000017 mark without a long wick. If this occurs, there may be a test of the $0.000018 zone in the following week. At the time of writing, SHIB is trading at $0.00001663.
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