Bears are not going to give up so easily, according to CoinStats.
SHIB/USD
The rate of SHIB has gone up by 3.69% over the last 24 hours.
On the hourly chart, the price of SHIB is breaking the local resistance of $0.00001788. If the daily bar closes above it, growth is likely to lead to a test of the $0.00001820-$0.00001840 range.
On the bigger time frame, one should focus on the daily candle's closure. If it happens near its high, the upward move may continue to the $0.000019-$0.0000020 zone soon.
A less bullish picture can be seen on the weekly chart. The price of SHIB is in the middle of the wide channel.
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If the situation does not change by the end of the week, ongoing sideways trading in the area of $0.000018-$0.000020 is the more likely scenario.
SHIB is trading at $0.00001832 at press time.
