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The weekend has started with ongoing market growth, however, there are some exceptions, according to CoinMarketCap.
SHIB/USD
The rate of SHIB has gone up by 0.54% over the last 24 hours.
On the hourly chart, the price of SHIB has set a local support of $0.00001239.
If the daily bar closes far from that mark, one can expect a bounce back to the $0.00001270 area.
On the bigger time frame, one should focus on the nearest level of $0.00001306. If a breakout happens, the accumulated energy might be enough for a blast to the $0.00001350 range. Such a scenario is relevant until the end of next week.
From the midterm point of view, the rate of SHIB has once again bounced off the support of $0.00001145. However, bulls might need more time to accumulate energy for a further move. In this case, sideways trading in the range of $0.000012-$0.000013 is the more likely scenario.
SHIB is trading at $0.00001243 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team