SHIB Price Prediction for March 20

Bears are coming back to the game, according to CoinStats data. 

SHIB/USD

The price of SHIB has fallen by 0.41% over the last day.

On the hourly chart, the price of SHIB is on the way to the local support of $0.00001266. If the sellers’ pressure continues, traders may expect SHIB to trade near the $0.00001250 mark.

On the daily time frame, sideways trading remains the more likely scenario. Such a statement is confirmed by the falling volume. 

Related

All in all, traders may witness an ongoing consolidation in the area of $0.00001250-$0.000013 over the next few days.

From the mid-term point of view, the situation is similar. If the weekly bar closes around the current prices, there is a low chance of sharp ups or downs.

SHIB is trading at $0.00001274 at press time.