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This Saturday is mostly bullish for the market, according to CoinStats.
SHIB/USD
The rate of SHIB has gone up by 2.2% over the last day.
Despite today's rise, the price of SHIB keeps looking bullish on the hourly chart. If the breakout of the local resistance happens, there is a chance to see a test of the $0.000013 zone by the end of the week.
On the bigger time frame, the situation is less bullish. If buyers want to seize the initiative, they need to restore the price of SHIB above the $0.000013 mark.
Denys SerhiichukIn that case, traders might witness an upward move to the $0.00001383 level.
From the midterm point of view, the price of SHIB is within the previous bar, which means there is a low possibility of seeing sharp ups or downs by the end of the month.
SHIB is trading at $0.00001278 at press time.
Vladislav Sopov
Dan Burgin