1
32
The prices of most of the coins keep setting local peaks, according to CoinStats.
$SHIB/USD
The rate of $SHIB has gone up by 1.27% over the last day.
On the hourly chart, the price of $SHIB is approaching the resistance of $0.00001241. If the daily bar closes around that mark or above, there is a chance of a test of the $0.00001250 mark by tomorrow.
On the bigger time frame, the rate of the meme coin is in the middle of the channel between the support of $0.00001183 and the resistance of $0.00001273.
As neither side is dominating, sideways trading around the current prices is the more likely scenario.
From the midterm point of view, the situation is similar. The price of $SHIB is far from the main levels, confirming the absence of buyers' and sellers' energy. In this case, traders are unlikely to witness sharp moves soon.
$SHIB is trading at $0.00001239 at press time.
coindesk.com
