u.today
The end of the week has turned out to be bullish for most of the cryptocurrencies, according to CoinStats.
$SHIB/USD
The price of $SHIB has gone up by 2.27% since yesterday.
On the hourly chart, the rate of $SHIB is on the way to the local resistance of $0.00000741. If buyers can hold the gained initiative, the breakout may lead to a further upward move to the $0.00000750 area.
On the bigger time frame, the price of $SHIB is far from the main levels. In this case, traders should focus on yesterday's candle high.
If closure happens above $0.00000740 and with a high wick, the growth may lead to a test of the $0.00000770 zone over the next few days.
From the midterm point of view, the rate of the meme coin has made a false breakout of the formed support at $0.000007. If the weekly bar closes far from that mark, traders may see a bounce back to the $0.000008 range.
$SHIB is trading at $0.00000736 at press time.