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The ongoing upward move remains the most likely scenario for most of the coins, according to CoinStats.
SHIB/USD
The price of SHIB has increased by 4% since yesterday.
On the hourly chart, the rate of SHIB is near the local resistance of $0.00001549.
If bulls can hold the gained initiative, one can expect a level breakout, followed by growth to the $0.000016 zone.
Bulls are also more powerful than bears on the bigger time frame. If the candle closes above $0.00001520 and with no long wick, the energy might be enough for a test of the $0.000016-$0.00001650 area.
From the midterm point of view, the picture is less positive. The price of SHIB is far from key levels, which means ongoing sideways trading around the current price is the most likely scenario.
SHIB is trading at $0.00001533 at press time.
U.Today Editorial Team
Vladislav Sopov