Buyers are still in control of the market, with the rate of SHIB rising by 1.66% in the last 24 hours. On the hourly chart, there is a resistance level at $0.00001598. Sharp price movements are unlikely by the end of the day. On a larger time frame, the rate of SHIB is increasing, but more buying power is needed for a sustained upward move. Sideways trading within the range of $0.00001550-$0.00001650 is the more likely scenario. In the midterm, neither buyers nor sellers dominate, suggesting that there will be no significant price changes in the near future. Currently, SHIB is trading at $0.00001585.



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