27
The market is back to green again, according to CoinMarketCap.
$SHIB/USD
The price of $SHIB has risen by 1.53% over the past day.
On the hourly chart, the rate of SHB is looking bullish as it is on its way to the local resistance of $0.00001320. If its breakout occurs, growth may continue to the $0.00001350 zone tomorrow.
On the longer time frame, the price of the meme coin has tested the resistance of $0.00001320.
If bulls can hold the gained initiative and the candle closes above that mark, traders may witness a test of the $0.00001350-$0.0000140 zone soon.
From the midterm point of view, the situation is less bullish. At the moment, the rate of $SHIB is far from key levels, which means there are low chances of seeing sharp moves soon. In this case, sideways trading in the range of $0.00001250-$0.00001350 is the most likely scenario.
$SHIB is trading at $0.00001310 at press time.
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