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The last day of the week is mainly bearish for the market, according to CoinMarketCap.
SHIB/USD
The rate of SHIB has declined by 3.78% over the last 24 hours.
On the hourly chart, the price of SHIB has made a false breakout of the local resistance of $0.00001011. However, if the daily bar closes near that mark, one can expect an upward move to the $0.00001030 range.
On the bigger time frame, the rate of the meme coin is within yesterday's candle. The volume is declining after the dump a few days ago.
Neither buyers nor sellers have accumulated enough energy to seize the initiative. All in all, traders are unlikely to witness sharp ups or downs shortly.
From the midterm point of view, the price of SHIB has made a false breakout of the $0.00000832 support. At the moment, one should focus on the $0.00001145 level. While the rate is below that mark, bears keep controlling the situation on the market.
SHIB is trading at $0.00001003 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team