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The prices of all of the top 10 coins are rising today, according to CoinStats.
SHIB/USD
The rate of SHIB has rocketed by almost 6% over the last 24 hours.
On the hourly chart, the price of SHIB is going up after a breakout of the local resistance of $0.00000803. If buyers can hold the gained initiative, the upward move is likely to continue tomorrow.
On the longer time frame, bulls might not have accumulated enough energy for a continued upward move.
In this case, sideways trading in the zone of $0.0000080-$0.00000850 is the most likely scenario.
Neither bulls nor bears are dominating on the weekly chart. The volume remains low, which means traders are unlikely to expect increased volatility soon.
SHIB is trading at $0.00000839 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team