The Shiba Inu (SHIB) market continues to trend upwards, according to data from CoinStats. Over the past 24 hours, SHIB prices have risen by 4.63%. Technical analysis on the hourly chart suggests a breakout above the local resistance at $0.00001239. If buyers maintain momentum and close near this level, a test of the $0.000013 area could follow. 4-hour chart analysis shows bullish indicators as well, with the potential for further gains if the daily candle closes above the key support level at $0.00001244. If this happens without long wicks, the upward movement is likely to continue towards the $0.000013-$0.00001350 range. 1-week analysis suggests that SHIB has rebounded off its support level at $0.00001078. If the weekly candle closes near $0.000013, there is a chance of a test of the $0.000014 mark soon. SHIB is currently trading at $0.00001256 at press time, according to CoinMarketCap.