CandleFocus SHIB Price Prediction for November 17
2024-11-17
Author: Content Editor
The majority of cryptocurrencies are performing well at the end of the week, although the rate of SHIB has fallen by 1.71% since yesterday. On the hourly chart, SHIB's price is rising after breaking through a local resistance level. If the daily bar closes above this mark, the price is likely to continue moving upwards. However, on a larger time frame, SHIB's rate is approaching a support level but lacks the momentum for a significant move. As a result, it is expected that SHIB will trade sideways within a specific range for the next few days. From a medium-term perspective, SHIB's price is in a wide channel between support and resistance levels. As there is no dominant force between bulls and bears, consolidation within a defined range is anticipated. Currently, SHIB is trading at $0.00002519.
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