CoinStats data shows most cryptocurrencies are moving back into positive territory. The SHIB price has risen by approximately 2% over the past day, according to U.Today. Analyzing the hourly chart, the SHIB/USD rate is currently experiencing pressure from sellers, as it’s closer to support than resistance. If the situation doesn’t change within the next 24 hours, a breakout towards higher levels could occur, followed by potential sell-off to the $0.00001260 price point. On the longer timeframe (daily), neither bulls nor bears appear to have clear dominance. If the daily candle closes near current prices, sideways trading in the $0.00001250-$0.000013 range is expected. A similar situation can be seen on the weekly chart. The volume remains low, indicating a low likelihood of dramatic price swings in the short term. SHIB trades at approximately $0.00001274 at the time this article was published, according to the provided information.