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The last day of the week is more bearish than bullish, according to CoinMarketCap.
SHIB/USD
SHIB has gained a lot of value today, rocketing by 13.19%.
On the hourly chart, the rate of SHIB keeps looking bullish. If the daily bar closes near the resistance, the growth is likely to continue to the $0.000032 zone and above.
On the bigger time frame, one should pay attention to the candle closure in terms of the $0.00003046 level.
Related
If a false breakout happens and the bar closes far from that mark, traders may witness a drop to the $0.000028 range next week.
From the midterm point of view, the picture is similar. However, if a breakout of the resistance happens, the accumulated energy might be enough for a move to the $0.000032-$0.000034 zone.
SHIB is trading at $0.00002957 at press time.
