SHIB Surges 1.18% in 24 Hours, Bulls Eye $0.000016

SHIB Price Prediction for February 19

The cryptocurrency market has seen a shift towards the green zone following a bearish opening, with many coins experiencing an increase in value. Among these, SHIB has shown a notable rise of 1.18% over the past 24 hours.

Analyzing the hourly chart, the price of SHIB appears bullish. A breakout from the local resistance level could potentially lead to a test of the $0.000016 range in the near future.

However, the daily time frame presents a contrasting picture. If the price closes below the interim level of $0.000015, it could trigger an ongoing correction to the $0.000014-$0.00001450 zone.

From a midterm perspective, there are no reversal signals yet. To regain the initiative, buyers will need to push the rate above the $0.000017 area. At the time of this report, SHIB is trading at $0.00001533.