The rate of SHIB has increased by 3.31% over the last day, but is currently trading in the middle of a local channel between support and resistance levels. Sharp moves are unlikely to happen by the end of the day. If the price does not close above a certain resistance level, there is a possibility of a correction to a lower area. Traders should focus on the weekly bar closure to determine if sellers will seize the initiative, which could lead to a decline in price. At the time of writing, SHIB is trading at $0.00003225.



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