The post SHIB Price Analysis for November 20 appeared on BitcoinEthereumNews.com. The majority of the coins are in the red area today, according to CoinStats. SHIB chart by CoinStats SHIB/USD Unlike other coins, the rate of SHIB has gone up by 1% since yesterday. Image by TradingView On the hourly chart, the price of SHIB is near the local resistance of $0.00000884. However, as most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow. Image by TradingView On the longer time frame, the situation remains bearish as the rate of SHIB has not bounced back far from the support of $0.00000837.  You Might Also Like If buyers cannot seize the initiative, traders may witness a level breakout, followed by a further drop to the $0.0000080 zone. Image by TradingView From the midterm point of view, the price of the meme coin has bounced off the support of $0.00000837. However, one should pay attention to the weekly candle’s closure in terms of that mark. If it happens far from it, there is a chance of seeing a local rise to the $0.0000090 area. SHIB is trading at $0.00000871 at press time. Source: https://u.today/shib-price-analysis-for-november-20-0The post SHIB Price Analysis for November 20 appeared on BitcoinEthereumNews.com. The majority of the coins are in the red area today, according to CoinStats. SHIB chart by CoinStats SHIB/USD Unlike other coins, the rate of SHIB has gone up by 1% since yesterday. Image by TradingView On the hourly chart, the price of SHIB is near the local resistance of $0.00000884. However, as most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow. Image by TradingView On the longer time frame, the situation remains bearish as the rate of SHIB has not bounced back far from the support of $0.00000837.  You Might Also Like If buyers cannot seize the initiative, traders may witness a level breakout, followed by a further drop to the $0.0000080 zone. Image by TradingView From the midterm point of view, the price of the meme coin has bounced off the support of $0.00000837. However, one should pay attention to the weekly candle’s closure in terms of that mark. If it happens far from it, there is a chance of seeing a local rise to the $0.0000090 area. SHIB is trading at $0.00000871 at press time. Source: https://u.today/shib-price-analysis-for-november-20-0