The week’s close shows a positive trend for most cryptocurrencies, according to CoinMarketCap. The SHIB/USD price has experienced a noteworthy increase of 1.62% over the last 24 hours. Chart analysis reveals that SHIB broke through its local resistance of $0.00001253 on the hourly chart. If bulls maintain momentum, and the daily bar closes near or above this level tomorrow, continued growth could take place towards the $0.000013 mark. Longer-term trends are also bullish. Traders should watch for the closing of the candle on the nearest level of $0.00001264. If the trend remains consistent, a further upward move to the $0.000013-$0.00001350 range could be anticipated in the coming days.
From a mid-term perspective, neither side holds a clear advantage as SHIB is currently far from significant price levels. A sideways trading pattern within the $0.000012-$0.000014 area appears most likely.