According to CoinStats, the bulls are struggling to regain the initiative.
SHIB increased by approximately 1.27 percent, following other cryptocurrencies.
SHIB price is trading in a zone between the $0.00000824 support and $0.00000839 resistance on the hourly chart.
Since most of the daily ATR has been crossed, the chance of any shape movement is low today.
A similar picture also stands out on the daily chart. SHIB’s move today failed to have any impact on its technical situation. In this case, a continuation of a horizontal movement between $0.0000080-0.00000850 until the end of the week seems to be the most reasonable scenario.
It is too early to make a prediction as there is only a short time left for the bar to close for the medium term. However, closing the candle around current prices also increases the likelihood that traders will see a consolidation in the 0.00000750-0.0000080 range by mid-December.
At the time of writing, Meme token is trading at $0.000008207, according to CoinMarketCap data.
