The week is ending on a bullish note for most coins, according to CoinMarketCap.
**SHIB/USD Analysis**
The price of SHIB has risen by 3.21% over the last 24 hours. On the hourly chart, SHIB has secured a position above the local resistance level of $0.00001011. If bulls can maintain this momentum, the upward movement is likely to continue towards the $0.00001030–$0.00001050 range.
Looking at the bigger time frame, SHIB’s price is trending upwards after a false breakout below the support level at $0.00000956. However, buyers may need additional time to accumulate strength for further gains. In this scenario, sideways trading between $0.000010 and $0.00001050 appears to be the more probable outcome in the short term.
From a midterm perspective, the outlook is somewhat different. As long as the price remains below the $0.00001145 level, sellers hold the upper hand over buyers. This suggests there is still potential for a correction.
At the time of writing, SHIB is trading at $0.00001017.
https://u.today/shib-price-analysis-for-october-19-0
