<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The market has entered a neutral mode, according to the<a href="https://u.today/xrp-price-analysis-for-november-21" rel="noopener noreferrer nofollow"> CoinMarketCap ranking</a>. <img data-entity-type="file" data-entity-uuid="3842349a-dd28-4e13-a8f2-9dbce0ff77f5" src="https://u.today/sites/default/files/inline-images/top10_788.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 id="shib-usd">SHIB/USD</h2>
The rate of SHIB has declined by 2.63% over the last day.
&nbsp; <img data-entity-type="file" data-entity-uuid="b2f431cd-5ba4-402a-9a0c-b1888b7fffd7" src="https://u.today/sites/default/files/inline-images/shib1_46.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of SHIB is trading near the resistance level. If the breakout of $0.00000807 happens, the breakout may lead to a further rise to the $0.00000830 zone tomorrow. <img data-entity-type="file" data-entity-uuid="c84c3e6e-3160-4333-a5d8-bb1d1c200719" src="https://u.today/sites/default/files/inline-images/shib2_46.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the rate has once again bounced off the support level of $0.00000780.
Bears are trying to get back in the game; however, if the candle closes far from that mark, buyers may seize the initiative again. <img data-entity-type="file" data-entity-uuid="7179f127-87b1-41c6-a894-e869b34c8f57" src="https://u.today/sites/default/files/inline-images/shib3_51.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, neither bulls nor bears are controlling the situation at the moment. Buyers may start thinking again about further growth only if they get return the price to the $0.0000090 area and fix above it.
SHIB is trading at $0.00000799 at press time.

SHIB Price Analysis for November 22

Table of Contents

U_Today

Andre artikler udgivet 22. nov. 2023

Mt. Gox Set to Initiate Repayments To Creditors in Cash Soon

Binance ‘willfully failed’ to report over 100k transactions linked to fraud and scams, U.S. Treas...

Alchemy Pay Joins Forces with Internet Computer for Enhanced Blockchain Integration

Decoding Bitcoin's Recent Surge: Expert Insights Unveil Market Resilience

SEC Continues to Drag Feet on Coinbase Call For Crypto Clarity

Blast’s TVL Hits $109M After 23K+ Users Join Its Community

Join our free newsletter for daily crypto updates!