Can traders expect a bounce back of SHIB soon?
On the hourly chart, the rate of SHIB is trading in the middle of the local channel, accumulating power for a further move. If the closure happens near the $0.
00000810 mark, there is a chance to see a resistance breakout, followed by a blast to the $0.00000840 area.On the bigger chart, the price is fighting for the important zone of $0.000008. Currently, one should focus on that area. If the bar closure happens above that area, there is a chance to see a bounce back to the $0.000009 range.
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