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The market keeps going up on the last weekday, according to CoinMarketCap.
SHIB/USD
The rate of SHIB has risen by 2.63% over the last 24 hours.
On the hourly chart, the price of SHIB is in the middle of the local channel, between the support of $0.00000867 and the resistance of $0.00000908.
As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, one should pay attention to the daily candle's closure in terms of the $0.00000902 level. If it happens far from that, sellers may seize the initiative, which may lead to a test of the $0.00000850 mark soon.
From the midterm point of view, the picture is neither bullish nor bearish. The rate of SHIB is far from main levels, which means traders are unlikely to witness increased volatility soon.
SHIB is trading at $0.00000997 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team