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The week is ending bullish for most of the cryptocurrencies, according to CoinStats.
SHIB/USD
The price of SHIB has gone up by 1.58% over the last 24 hours.
On the hourly chart, the rate of SHIB has set a local resistance of $0.00000863. If the daily bar closes near that mark or above, the upward move is likely to continue to the $0.00000870 range.
On the bigger time frame, neither bulls nor bears are dominating.
The price of SHIB is far from the main levels, which means ongoing sideways trading is the more likely scenario over the next few days.
From the midterm point of view, the situation is similar. Neither side is controlling the situation on the market. In this case, traders are unlikely to see sharp ups or downs until mid-December.
SHIB is trading at $0.00000857 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team