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Bulls are controlling the situation on the market at the beginning of the weekend, according to CoinStats.
$SHIB/USD
The rate of $SHIB has risen by 8.9% over the last day.
On the hourly chart, the price of $SHIB has made a false breakout of the local resistance of $0.00001483.
However, if the daily bar closes not far from that level, the rise is likely to continue to the $0.000015 zone.
On the bigger time frame, the rate of the meme coin has broken the $0.00001428 resistance. If bulls can hold the gained initiative and the candle closes around the current prices, one can expect a test of the $0.00001550-$0.000016 range soon.
From the midterm point of view, the price of $SHIB is in the middle of the wide channel. As neither side has seized the initiative, ongoing sideways trading in the range of $0.000014-$0.000016 is the more likely scenario.
$SHIB is trading at $0.00001467 at press time.
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