SHIB Shows Potential for Continued Growth Amid Weekend Gains and Resistance Breakout

What is the Current Status of SHIB?

The current status of SHIB indicates a strong upward trend, with a 6.32% increase over the last 24 hours. The price has successfully broken through the resistance level of $0.00001356, suggesting a bullish sentiment among traders.

How Might SHIB Perform in the Coming Days?

SHIB’s performance in the coming days looks promising. If buyers can maintain momentum, we could see a test of the $0.000014 range. Currently, the price is trading at $0.00001374, and a close near this level could lead to further gains.

Frequently Asked Questions

What factors are influencing SHIB’s price?

Factors influencing SHIB’s price include market sentiment, trading volume, and resistance levels. Currently, the price has broken a key resistance level, indicating bullish momentum.

How can I buy SHIB?

To buy SHIB, you can use various cryptocurrency exchanges that list SHIB. Ensure to choose a reputable platform for secure transactions.

Key Takeaways

• SHIB’s price is currently $0.00001374: This reflects a significant increase over the past day.
• Potential for further gains: If the price holds above $0.00001356, it may reach $0.000014 soon.
• Consolidation expected: A range between $0.000013 and $0.000015 is likely as buyers accumulate energy.

Conclusion

In summary, SHIB is showing positive momentum with a current price of $0.00001374. As it breaks through key resistance levels, the potential for further gains remains high. Traders should watch for consolidation in the upcoming days.

Most coins remain in the green zone on the first day of the weekend, according to CoinStats.

SHIB chart by CoinStats

SHIB/USD

The rate of SHIB has risen by 6.32% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of SHIB has fixed above the resistance of $0.00001356.

If buyers can hold the gained initiative and the candle closes with no long wick, the upward move may lead to a test of the $0.000014 range soon.

Image by TradingView

On the bigger time frame, there are no reversal signals yet. If the bar closes near its peak, the growth may continue to the resistance of $0.00001428 by the end of the week.

Image by TradingView

From the midterm point of view, the rate of SHIB is within the previous candle. Even if the weekly candle closes around the current prices, buyers might need more time to accumulate energy for a further move. In this regard, consolidation in the area of $0.000013-$0.000015 is the more likely scenario.

SHIB is trading at $0.00001374 at press time.