<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The new month has begun with a correction on the cryptocurrency market, according to <a href="https://u.today/solana-sol-price-prediction-for-february-29" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="8780123f-f0d7-4bb4-97c3-0c9f738f4763" src="https://u.today/sites/default/files/inline-images/top10_969.png">SHIB chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="shb-usd">SHB/USD</h2>
SHIB has followed the drop of other coins, going down by 0.16%. <img data-entity-type="file" data-entity-uuid="2d6823bb-18bb-41c7-b626-2b78227f98bf" src="https://u.today/sites/default/files/inline-images/shib1_62.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of SHIB is rising after the breakout of the resistance of $0.00001333. Until the rate is above the $0.00001350, buyers are controlling the situation on the market.&nbsp;
In this reagard, the growth may continue to the $0.000015 area soon. <img data-entity-type="file" data-entity-uuid="3e8c9283-b929-4bff-80f3-60c47ef1554f" src="https://u.today/sites/default/files/inline-images/shib2_59.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, traders should pay attentiont to yesterday's peak of $0.00001473. If the daily bar closes near it, the midterm rise may lead to the $0.000015-$0.000016 zone next week. <img data-entity-type="file" data-entity-uuid="f98d0248-ff61-45da-ae75-8ebcc82e9660" src="https://u.today/sites/default/files/inline-images/shib3_65.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 price of SHIB is its way to testing the $0.00001591 level. However, the aproach to this mark plays a huge role. If it happens fast and a false breakout happens, bears might seize the initiative, which could lead to a correction.
SHIB is trading at $0.00001430 at press time.

SHIB Price Prediction for March 1

목차

U_Today

2024년 3월 1일에 게재된 다른 기사

Binance user loses $70k in hack, support says email provider to blame

Bitcoin Faces Significant Withdrawals and Price Fluctuations

Top Crypto Analyst Picks: Chainlink (LINK) and Uniswap (UNI)

Fetch.ai Price Prediction: FET Leads AI Crypto Rally With 25% Surge, But Experts Say Consider Thi...

BONK Millionaire Bets $250K in This Upcoming DeFi Platform, Claims Algotech Might be the Next 10x...

Recovering a Stellar Wallet on Scopuly using a Recovery Phrase: An Objective Guide

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!