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The market returned to the green at the beginning of the weekend, according to CoinMarketCap.
SHIB/USD
The rate of SHIB increased by 0.80% in the last 24 hours.
In the hourly chart, the price of SHIB is in the middle of the local channel between the support of $0.00000896 and the resistance of $0.00000927. As neither side dominates, there is little chance of seeing strong moves from tomorrow.
On the larger time frame, there are no reversal signals so far. If the daily candle closes close to yesterday’s low bar, one can witness a further drop to the range of $0.00000850.
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Such a scenario is relevant until the end of next week.
From the midterm point of view, the situation is similar. If the buyers cannot take the initiative, there is a great chance to see a support break, followed by a further dump to the $0.0000070-$0.0000080 area.
SHIB is trading at $0.00000912 at press time.
