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The market is neither bullish nor bearish on the last day of the week, according to CoinStats.
SHIB/USD
The price of SHIB has gone up by almost 2% over the last day.
On the hourly chart, the rate of SHIB is trying to fix above the local resistance of $0.00000998. If it happens and the daily bar closes far from that mark, there is a chance to see a test of the $0.00001010-$0.00001020 range soon.
On the bigger time frame, the situation is less bullish. One should pay attention to the candle closure in terms of the resistance of $0.00001069. While the price is below that mark, bears remain more powerful than bulls.
From the midterm point of view, the rate of SHIB has bounced off the support of $0.00000832.
As neither bulls nor bears have seized the initiative so far, sideways trading around the current prices is the more likely scenario.
SHIB is trading at $0.0000099 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team