SHIB Price Prediction for November 17
2024-11-17

Most of the coins remain in the green zone at the end of the week, according to CoinStats.CoinStats">
SHIBUSD
The rate of SHIB has fallen by 1.71% since yesterday.TradingView">
On the hourly chart, the price of SHIB is rising after a breakout of the local resistance of $0.00002481. If the daily bar closes far from this mark, the upward move is likely to continue to the $0.000026 range.TradingView">
On the bigger time frame, the rate of SHIB has almost touched the support level of $0.00002283 again. However, bulls have not accumulated enough energy for a further sharp move.
In this regard, sideways trading in the zone of $0.00002450-$0.00002650 is the more likely scenario for the next days.TradingView">
From the midterm point of view, the price of SHIB is in the middle of the wide channel between the support of $0.00002107 and the resistance of $0.00002954. As neither bulls nor bears are dominating, traders may witness an ongoing consolidation in the range of $0.000022-$0.000028.
SHIB is trading at $0.00002519 at press time.