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Buyers are controlling the initiative on the market at the end of the year, according to CoinStats.
SHIB/USD
The price of SHIB has risen by 0.79% over the last day.
On the hourly chart, the rate of SHIB is closer to the resistance than to the support. If bulls' pressure continues, traders may see a test of the $0.00000750 area.
On the longer time frame, one should focus on the nearest level of $0.0000729. If its breakout happens, the accumulated energy might be enough for an ongoing upward move to the $0.00000750-$0.00000770 range.
From the midterm point of view, the rate of SHIB has set a local support at $0.000007.
If the candle closes far from that mark, there is a chance to see a bounce back to the $0.00000750 zone soon.
SHIB is trading at $0.00000719 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team