Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The last day of the week is more bearish than bullish for most of the coins.
SHIB/USD
While the rates of other coins are falling, the price of SHIB has increased by 1.88% over the last 24 hours.
On the local chart, SHIB is neither bullish nor bearish as the price is located in the middle of the channel between the support at $0.00001273 and the resistance at $0.00001312. Buyers might think about further growth only if they can fix the price above the $0.000013 zone.
On the bigger time frame, the price of SHIB has bounced back from yesterday's peak at $0.00001310. However, one should pay attention to the closure of the candle.
If it happens near the level and with no wicks, traders might see a price blast tomorrow followed by growth to the $0.00001350 mark.
On the weekly chart, SHIB is trying to form a false breakout of the formed support at $0.00001294. If buyers manage to do that and the bar closes above that mark, there is a chance to see local growth to the $0.00001350 zone.
SHIB is trading at $0.000013 at press time.
Vladislav Sopov