April

<figure><figcaption> Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a></figcaption></figure>The bounce back may have finished on the cryptocurrency market, according to <a href="https://u.today/btc-eth-and-xrp-price-prediction-for-april-15" rel="noopener noreferrer nofollow">CoinMarketCap</a>.<img src="https://u.today/sites/default/files/inline-images/top10_1058.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a><h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>The rate of SHIB has declined by 2.49% over the last 24 hours.<img src="https://u.today/sites/default/files/inline-images/shib1_73.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>Despite today's fall, the price of SHIB is looking bullish on the hourly chart as it is trading near the local resistance.&nbsp;If buyers can hold the gained initiative, there is a chance to see a breakout, followed by a move to the $0.000023 zone.<img src="https://u.today/sites/default/files/inline-images/shib2_70.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>On the bigger time frame, the situation is neutral as the rate of SHIB keeps accumulating energy. As none of the sides is dominating, consolidation in the area of $0.000020-$0.000024 is the more likely scenario until the end of the week.<img src="https://u.today/sites/default/files/inline-images/shib3_76.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>From the midterm point of view, the picture is quite similar. The volatility has declined, confirming the absence of buyers' and sellers' strength. Traders may expect sideways trading around current prices within the next few days.SHIB is trading at $0.00002216 at press time.

SHIB Price Prediction for April 16

Table of Contents

U.Today

Other articles published on Apr 16, 2024

Major Bitcoin Whale Accumulates $16 Million Amid Market Dip

Top Solana-based Tokens To Record Another Price Correction Of 10% This Month?

Bitcoin Whales Showing Different Behavior From Past Cycles, But Why?

Trust Wallet Issues Important Security Warning to iPhone Users: Details

Peter Schiff Questions $100,000 Bitcoin Price Predictions

The Crypto Trio: Why BRISE , BEFE, and CENX Lead the Market

Join our free newsletter for daily crypto updates!