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There are no vivid reversal signals yet on the market, according to CoinMarketCap.
SHIB/USD
The rate of SHIB has risen by 1.84% over the last day.
On the hourly chart, the price of SHIB is going up after setting a local support of $0.00001312. If bulls can hold the gained initiative, one can expect a test of the upper level by tomorrow.
On the longer time frame, the picture is bullish. If the breakout of the resistance of $0.00001344 happens, the accumulated energy might be enough for a move to the $0.000014 range.
Such a scenario is relevant until the end of the week.
From the midterm point of view, the rate of the meme coin is far from key levels. In this case, there are low chances of seeing sharp moves within the next few weeks.
SHIB is trading at $0.00001353 at press time.
Vladislav Sopov
U.Today Editorial Team