The market has entered a neutral mode, according to the CoinMarketCap ranking.
SHIB/USD
The rate of SHIB has declined by 2.63% over the last day.
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.
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.
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.
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