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Most coins remain in the green zone on the first day of the weekend, according to CoinStats.
SHIB/USD
The price of SHIB has gone up by 0.50% over the last 24 hours.
On the hourly chart, the rate of SHIB has set a local support of $0.00001009. If bulls can hold the gained initiative and the daily bar closes above $0.000010, the growth may continue to the resistance of $0.00001026 by tomorrow.
On the bigger time frame, one should focus on the daily bar closure in terms of the $0.00001053 resistance. If a breakout happens, the upward move may lead to a test of the $0.000011 mark soon.
From the midterm point of view, the picture is less bullish.
If the weekly bar closes around the current prices or below, there is a high possibility to see an ongoing correction to the $0.000007 mark.
SHIB is trading at $0.00001014 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team