SHIB Price Prediction May 4

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Written By Maya Cantina

The majority of cryptocurrencies are rising today, according to CoinStats.

SHIB/USD

The SHIB rate has increased by 6.61% over the last 24 hours.

Even though it rose today, the SHIB price still looks bullish on the 1 hour chart. The exchange rate is trading close to the local resistance of $0.00002582.

If the situation does not change by the end of the day, we can expect a breakout followed by a move to the $0.000026-$0.00002650 zone.

On the daily chart, the meme coin price has broken the resistance of $0.00002467. If the bar closes without a long wick, the upward movement may continue to $0.000027 next week.

On the weekly timeframe, SHIB value once again bounced off the support level of $0.00002136. However, no one party dominates at the moment. Overall, ongoing consolidation in the $0.000024-$0.000028 zone is a more likely scenario.

SHIB was trading at $0.00002564 at press time.

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