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The end of the week is more bullish than bearish, according to CoinStats.
SHIB/USD
The rate of SHIB has risen by 1.1% over the last day.
On the hourly chart, the price of SHIB is falling after a false breakout of the local resistance of $0.00001167. If the daily bar closes near the support, one can expect a level breakout, followed by a test of the $0.00001140 range.
On the bigger time frame, neither side is dominating as the rate of the meme coin is far from the key levels.
In this case, an accumulation period in the range of $0.00001150-$0.00001180 is the more likely scenario.
From the midterm point of view, the situation is similar. The price is within the previous week's candle. Respectively, traders are unlikely to witness sharp moves over the next few days.
SHIB is trading at $0.00001151 at press time.
Vladislav Sopov
U.Today Editorial Team