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Most coins are rising at the end of the week, according to CoinStats.
The price of SHIB has increased by almost 1% since yesterday.
On the hourly time frame, the rate of SHIB is growing after a false breakout of the local support at $0.00000959.
If the daily candle closes around the current prices and with no long wicks, the growth may lead to a test of the vital zone of $0.000010.
On the bigger chart, neither bulls nor bears are dominating. Only if the bar returns to $0.000010 is there a possibility of an ongoing bullish trend. However, until it happens, traders may witness a local correction.
A similar situation is on the weekly time frame. At the moment, the rate is in the middle of the wide channel between the support of $0.00000827 and the resistance of $0.00001136. As neither side has seized the initiative yet, ongoing consolidation around the $0.000010 zone is the more likely scenario until the end of the month.
SHIB is trading at $0.00000978 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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