According to CoinStats, the end of the week turned out to be optimistic for the cryptocurrency market.
SIB/USD
The SHIB rate has increased by 1.16% since yesterday. Over the past week, the price has fallen by 9.9%.
On the hourly chart, the price of SHIB is growing after breaking through the local level of $0.00001755. As long as the rate is above this level, the bulls are stronger than the bears. In this case, traders can expect a test of the $0.000018 area in the near future.
On a larger timeframe, you should pay attention to the closing of the daily bar at $0.00001773. If it happens above this level, the rise is likely to continue into the $0.00001850-$0.000019 range over the next few days.
In the medium term, buyers may begin to think about further growth when the price recovers above the $0.00002017 resistance.
Until this happens, there is still a chance to witness a correction to the $0.000017 area.
At the time of publication, SHIB is trading at $0.00001793.
