SHIB Price Analysis for January 13

Most of the coins keep setting new local peaks, according to CoinStats.

SHIB chart by CoinStats

SHIB/USD

The rate of SHIB has risen by 3.68% since yesterday.

Image by TradingView

On 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.

Image by TradingView

On the longer time frame, the rate of SHIB is going up after a false breakout of the local support at $0.00000835. 

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If the daily bar closes around current prices, traders may expect an ongoing upward move to the $0.0000090 zone shortly.

Image by TradingView

From 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.

Source: https://u.today/shib-price-analysis-for-january-13