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Buyers are not going to give up easily, according to CoinMarketCap.
SHIB/USD
The price of SHIB has risen by 3% over the last day.
On the hourly chart, the rate of SHIB is near the local support of $0.00001063. If its breakout happens, the decline may continue to the $0.00001050 zone by tomorrow.
On the longer time frame, the picture has not changed much from the technical point of view. The volume remains low, which means none of the sides is ready to seize the initiative.
Buyers may start thinking about an upward move only if the bar closes above the nearest level of $0.00001145.
From the midterm point of view, the situation is rather more bearish than bullish. If the weekly candle closes far from the $0.00001145 mark, the decline is likely to continue to the $0.000009 range.
SHIB is trading at $0.00001068 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team