SHIB Price Prediction for October 22

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Some coins keep setting new local peaks, while others have come back to the red zone by now, according to CoinStats.

SHIB chart by CoinStats

SHIB/USD

The rate of SHIB has increased by 0.25% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of SHIB has bounced off the local support level of $0.00001801. If the daily bar closes far from that mark, one can expect growth to the resistance level by tomorrow.

Image by TradingView

On the bigger time frame, traders should focus on the candle's closure in terms of yesterday's bar low. 

If it happens below it, there is a chance to see a more profound decline to the $0.000017-$0.00001750 range.

Image by TradingView

From the midterm point of view, one should wait until the weekly candle closes. If it happens around current prices, traders may witness a test of the $0.000017 area shortly.

SHIB is trading at $0.00001817 at press time.