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The rates of most coins are going down at the end of the week, according to CoinStats.
SHIB/USD
The price of SHIB has gone up by 1.18% over the last day.
On the hourly chart, the rate of SHIB has made a false breakout of the local resistance of $0.00001223. As most of the daily ATR has been passed, increased volatility is unlikely to happen by tomorrow.
On the bigger time frame, the price of SHIB has once again bounced off the resistance of $0.00001173.
If the daily bar closes above $0.00001220, the growth may continue to the $0.00001250 area.
From the midterm point of view, the picture is less bullish. If the situation remains the same until the end of the week, there is a high chance of a test of the $0.000010 area.
SHIB is trading at $0.00001218 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team