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Bears are weaker than bulls at the beginning of the week, according to CoinStats.
$SHIB/USD
The price of $SHIB has risen by 1.45% over the last 24 hours.
On the hourly chart, the rate of $SHIB has made a false breakout of the local resistance of $0.00001282.
However, if buyers can hold the initiative and a correction does not occur, traders may expect a test of the $0.000013 area shortly.
On the longer time frame, the picture is bullish as the price of $SHIB is testing the $0.00001288 level. If its breakout occurs, the accumulated energy might be enough for a move to the $0.000013-$0.00001320 range.
From the midterm point of view, none of the sides is dominating, as the rate of $SHIB is far from the main levels. Thus, the volume is low, which means the sideways movement near the current prices is the most likely scenario.
$SHIB is trading at $0.00001278 at press time.
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