<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Most of the coins keep slightly rising, according to <a href="https://u.today/binance-coin-bnb-price-analysis-for-november-24" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="6b27e44a-2df5-46c8-9249-231a2d01baa4" src="https://u.today/sites/default/files/inline-images/top10_792.png">SHIB chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 id="shib-usd">SHIB/USD</h2>
The price of SHIB has risen by almost 2% over the last day. <img data-entity-type="file" data-entity-uuid="f21feb4c-a74a-4780-9243-3267a0e5c1e0" src="https://u.today/sites/default/files/inline-images/shib1_47.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of SHIB is looking bullish as the rate is trying to come back to the recently formed local resistance level of $0.00000826.&nbsp;
If it manages to achieve it and fix above, the rise may lead to a test of the $0.00000830-$0.00000840 zone soon. <img data-entity-type="file" data-entity-uuid="514db19d-5e0b-4f51-9cc7-53aad8f6d15a" src="https://u.today/sites/default/files/inline-images/shib2_47.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, it is too early to make any predictions as the price is far from the resistance of $0.00000851. In this case, sideways trading in the area of $0.0000080-$0.00000830 is the more likely scenario for the next few days. <img data-entity-type="file" data-entity-uuid="37a469d3-a91e-42f9-8e0f-6a029546728c" src="https://u.today/sites/default/files/inline-images/shib3_52.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, one should focus on the bar's closure in terms of the last candle low. If it happens far from the last candle low, there is a chance to see a bounce back to $0.00000850 shortly.
SHIB is trading at $0.00000825 at press time.

SHIB Price Analysis for November 24

Table of Contents

U_Today

Other articles published on Nov 24, 2023

Ethereum’s Burning Rate Surges, Sparking Speculation in the Crypto Community

Do Kwon extradition from Montenegro approved, To be jailed in US?

CryptoRank Report Unveils Market Variance as Bitcoin Surpasses $37K

Breaking: Blast Addresses $350M Lock-up Concerns with Multisig Emphasis

Artificial Intelligence and the Future of Vocational Education: A Harmonious Blend of Technology ...

Binance Labs & BNB Chain Open New Founder-focused Track to Incubate 100 Early-stage Projects

Join our free newsletter for daily crypto updates!