U.Today - Most of the coins are coming back to the green zone after a bearish market opening.
SHIB/USD
The rate of SHIB has increased by 1.18% over the last 24 hours.
On the hourly chart, the price of SHIB is looking bullish. If the breakout of the local resistance occurs, there is a chance to see a test of the $0.000016 range shortly.
On the daily time frame, the picture is quite the opposite. If the bar closes below the interim level of $0.000015, the accumulated energy might be enough for an ongoing correction to the $0.000014-$0.00001450 zone.
From the midterm point of view, there are no reversal signals yet.
If buyers want to seize the initiative again, they need to restore the rate above the $0.000017 area.
SHIB is trading at $0.00001533 at press time.
This content was originally published on U.Today
