The cryptocurrency market is showing positive dynamics, reflecting in the SHIB rate, which has increased by 2.2%.
SHIB Increases by 2.2%
Over the last day, the SHIB rate has increased by 2.2%, indicating positive dynamics amidst overall market growth.
SHIB Hourly Chart Analysis
On the hourly chart, the price of SHIB looks optimistic. If the breakout of the local resistance occurs, there is a chance to see a test of the $0.000013 zone by the end of the week. However, on a larger time frame, the situation is less promising. Buyers need to restore the SHIB price above the $0.000013 mark to seize the initiative.
Long-term Forecast for SHIB
From a midterm point of view, the price of SHIB remains within the previous bar, indicating a low probability of sharp upward or downward movements by the end of the month.
At press time, SHIB is trading at $0.00001278. Short-term changes are possible, but long-term forecasts remain cautious.
