Bears are back in the game, according to CoinStats data.

SHIB/USD

The price of SHIB has fallen by 0.41% over the last day.

On the hourly chart, the price of SHIB is heading towards the local support of $0.00001266. If the sellers’ pressure persists, traders may anticipate SHIB trading near the $0.00001250 mark.

On the daily time frame, sideways trading remains the more likely scenario, confirmed by the falling volume.

Overall, traders may witness ongoing consolidation in the range of $0.00001250-$0.000013 over the next few days.

From a mid-term perspective, the situation is similar. If the weekly bar closes around current prices, the chance of sharp ups or downs remains low.

SHIB is trading at $0.00001274 at press time.