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The week is ending bullish for most coins, according to CoinMarketCap.
SHIB/USD
The price of SHIB has risen by 3.21% over the last 24 hours.
On the hourly chart, the rate of SHIB has fixed above the local resistance of $0.00001011. If bulls can hold the gained initiative, the upward move is likely to continue to the $0.00001030-$0.00001050 range.
On the bigger time frame, the price of SHIB is going up after a false breakout of the support of $0.00000956. However, buyers might need more time to accumulate energy for further growth.
In this case, sideways trading in the area of $0.000010-$0.00001050 is the more likely scenario.
From the midterm point of view, the picture is quite the opposite. While the rate is below the $0.00001145 level, sellers are more powerful than buyers. In this regard, there is still a chance to witness a correction.
SHIB is trading at $0.00001017 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team