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The last day of the week is more bearish than bullish for most coins.
SHIB/USD
While rates for other coins are falling, the price of SHIB has increased by 1.88% in the last 24 hours.
On the local chart, SHIB is neither bullish nor bearish as the price sits in the middle of the channel between support at $0.00001273 and resistance at $0.00001312. Buyers might only think of further growth if they can set the price above the $0.000013 area.
On a longer timeframe, SHIB price rebounded from yesterday’s high at $0.00001310. However, care must be taken when closing the candle.
If it happens near the level and without a wick, traders could see a price explosion tomorrow followed by growth up to $0.00001350.
On the weekly chart, SHIB is attempting to form a false breakout of the support formed at $0.00001294. If the buyers manage to do this and the bar closes above this mark, there is a chance to see local growth in the $0.00001350 area.
SHIB is trading at $0.000013 at press time.