The price of SHIB is showing bullish signs on the hourly chart, potentially breaking through the resistance level of $0.00001580. A breakout could lead to a move towards $0.000016. On a larger timeframe, traders should watch for a daily close above yesterday's high without a long wick, which could signal continued upward momentum to $0.00001650-$0.000017. In the midterm, neither side dominates, suggesting limited sharp moves by the end of the month.
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On the hourly chart, the price of SHIB is looking bullish as it is on the way to the local resistance level of $0.00001580.If the daily bar closes around that mark or above, there is a chance of a breakout, followed by a move to the $0.000016 zone.On the bigger time frame, traders should focus on the bar closure in terms of yesterday's high. If it happens above it and with no long wick, the upward move is likely to continue to the $0.00001650-$0.000017 range soon.
SHIB Cryptocurrency Price Prediction Breakout Resistance
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