Most of the coins keep setting new local peaks, according to CoinStats.
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SHIB chart by CoinStats## SHIB/USD
The rate of SHIB has risen by 3.68% since yesterday.
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Image by TradingViewOn the hourly chart, the price of SHIB may have set a local resistance at $0.0000088. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow.
![Article image]()
Image by TradingViewOn the longer time frame, the rate of SHIB is going up after a false breakout of the local support at $0.00000835
If the daily bar closes around current prices, traders may expect an ongoing upward move to the $0.0000090 zone shortly.
![Article image]()
Image by TradingViewFrom the midterm point of view, the situation is less bullish. The price is far from the support and resistance levels, which means there are low chances of seeing increased volatility for the rest of the month.
SHIB is trading at $0.00000866 at press time.
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