U.Today - The end of the week has turned out to be bullish for the crypto market, according to CoinStats.
SHIB chart by CoinStats
SHIB/USD
The rate of SHIB has gone up by 1.16% since yesterday. Over the last week, the price has fallen by 9.9%.
On the hourly chart, the price of SHIB is rising after a breakout of the local level of $0.00001755. While the rate is above that mark, bulls are more powerful than bears. In this case, traders may expect a test of the $0.000018 area soon.
On the bigger time frame, one should pay attention to the daily bar closure in terms of the $0.00001773 level. If it happens above it, the growth is likely to continue to the $0.00001850-$0.000019 range within the next few days.
From the midterm point of view, buyers may start thinking about further growth when they restore the price above the resistance of $0.00002017.
Until it happens, there is still a chance to witness a correction to the $0.000017 area.
SHIB is trading at $0.00001793 at press time.
This content was originally published on U.Today
