u.today
Bulls are trying to restore the lost initiative as most coins have returned to the green zone.
SHIB/USD
The rate of SHIB has risen by 1% over the last 24 hours.
SHIB/USD chart by Trading View" src="https://cnews24.ru/uploads/daa/daab3c5b7da93f31c4ec81c9a79b9c377c2cdb89.png" size="2698x1318">
On the hourly chart, the price of SHIB has broken the local resistance at $0.00001070. If buyers can hold the gained initiative until the end of the day, growth may continue to the $0.000011 zone.
SHIB/USD chart by Trading View" src="https://cnews24.ru/uploads/d8e/d8ef19df972d1644d192412c3c91393e483dda28.png" size="2698x1318">
On the bigger time frame, the price keeps trading sideways, accumulating power for a further move. If bulls want to get back in the game, they need to fix above the $0.000011 area.
SHIB/USD chart by Trading View" src="https://cnews24.ru/uploads/fa3/fa3d08c5d59ac4c7af5b50300762bdbc4c09719d.png" size="2698x1318">
A similar situation can be seen on the weekly chart, as the price is far away from the key levels. Until the price is below the $0.000011 mark, there are more chances to see an ongoing correction than a rise.
In this case, the rate is likely to locate in the range of $0.00001050-$0.00001080.
SHIB is trading at $0.00001073 at press time.