On the first day of the weekend, most cryptocurrencies are showing positive dynamics, with SHIB token standing out by increasing by 6.32% in the last 24 hours.
Cryptocurrency Market in the Green Zone
According to CoinStats, most cryptocurrencies are experiencing growth on the first day of the weekend. This trend indicates a positive sentiment among investors and traders in the market.
SHIB Performance and Analysis
The price of SHIB is currently fixed above the resistance level of $0.00001356. If buyers manage to maintain this momentum and the candle closes without a long wick, it may lead to testing the $0.000014 range soon.
Future of SHIB: Predictions and Expectations
On larger time frames, there are no reversal signals yet. If the bars close near their peaks, the growth may continue to the resistance of $0.00001428 by the end of the week. However, in the midterm view, SHIB's price is within the previous candle, indicating that buyers might need more time to accumulate energy for further moves.
As of the current time, SHIB is trading at $0.00001374, and it is expected that in the coming days, the price will continue to show activity amid increasing interest from traders.
