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Buyers keep controlling the initiative on the market at the end of the week, according to CoinMarketCap.
SHIB/USD
The rate of SHIB has risen by 1.66% over the last 24 hours.
On the hourly chart, the price of SHIB might have set a local resistance of $0.00001598. As most of the daily ATR has been passed, sharp ups or downs are unlikely to happen by the end of the day.
On the bigger time frame, the rate of the meme coin keeps growing after yesterday's bullish closure. However, buyers might need to get more energy for an ongoing upward move.
Denys SerhiichukIn this case, sideways trading in the range of $0.00001550-$0.00001650 is the more likely scenario.
From the midterm point of view, the situation is similar. Neither buyers nor sellers are dominating, which means traders are unlikely to see sharp moves soon.
SHIB is trading at $0.00001585 at press time.
Dan Burgin
Vladislav Sopov