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The market is slightly turning back to the red, according to CoinStats.
SHIB/USD
The rate of SHIB has fallen by 0.71% over the last 24 hours.
On the hourly chart, the price of SHIB is looking bullish as it is approaching the resistance of $0.00001322.
If a breakout occurs, the accumulated energy might be enough for a test of the $0.00001350 area.
On the longer time frame, the rate of the meme coin has made a false breakout of yesterday's bar low. If bulls can hold the gained initiative, the upward move is likely to continue to the $0.00001350-$0.000014 range.
From the midterm point of view, neither bulls nor bears are controlling the situation on the market. The volume is going down, which means traders are unlikely to witness increased volatility shortly.
SHIB is trading at $0.00001323 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team