Most coins remain in the green zone on the first day of the weekend, according to CoinStats.
**SHIB/USD Analysis**
The price of SHIB has increased by 0.50% over the last 24 hours. On the hourly chart, SHIB has established a local support level at $0.00001009. If bulls maintain control and the daily bar closes above $0.000010, the upward momentum may continue toward the resistance level of $0.00001026 by tomorrow.
Looking at a bigger time frame, attention should be given to the daily bar closure in relation to the $0.00001053 resistance. A breakout above this level could trigger a further upward move, potentially testing the $0.000011 mark soon.
From a midterm perspective, the outlook appears less bullish. If the weekly bar closes around the current price or lower, there is a significant chance of an ongoing correction toward the $0.000007 level.
At press time, SHIB is trading at $0.00001014.
https://u.today/shib-price-analysis-for-october-25
