
SHIB Price Prediction for April 14: SHIB Price Stuck in Sideways Trading
The price of Shiba Inu (SHIB) has been stuck in a sideways trading pattern over the last 24 hours, with a slight increase of 3.48%. At press time, the cryptocurrency is trading at $0.00001194.
According to our analysis, SHIB’s hourly chart shows that the price is approaching the local support of $0.00001184. If it breaks out, we can expect the correction to continue until the $0.00001170 mark.
On a bigger time frame, there are no signs of a reversal yet. However, if the daily bar closes near its low, traders may witness an ongoing downward move to the $0.00001150 zone.
As for the midterm perspective, neither bulls nor bears are dominating at this point. This makes it difficult to predict any significant price movements in the short term.
In conclusion, based on our analysis, a sideways trading range of $0.00001150-$0.00001250 is the most likely scenario if the candle closes around current prices.
Source: https://u.today/shib-price-prediction-for-april-15