SHIB Price Analysis for May 16

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SHIB Price Analysis for May 16
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How long is SHIB going to trade sideways?

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On the bigger chart, the situation is unchanged since yesterday. None of the sides is ready to seize the initiative from the technical point of view. In addition, the volume keeps going down. Respectively, ongoing sideways trading remains the more likely scenario for the next few days.On the weekly time frame, it is too early to make any predictions as the price is far from the key levels. However, if buyers want to get back in the game, they need to restore the price above the resistance at $0.

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