SHIB Price Prediction for January 17

The prices of the majority of the coins keep growing, according to CoinStats.

The rate of SHIB has gone up by 6.82% since yesterday.

On the hourly chart, one should focus on the daily bar closure in terms of the local resistance of $0.00002463. If it happens around that mark, the accumulated energy might be enough for a move to the $0.000025 area.

Image by TradingView

On the bigger time frame, the rate of SHIB has once again tested the resistance of $0.00002464.

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If the bar closes not far from that mark or even above, one may witness a level breakout, followed by a test of the $0.000025-$0.000026 range soon.

Image by TradingView

From the midterm point of view, it is too early to make any distant predictions. However, if the weekly candle closes around the current prices, there is a chance to see an ongoing upward move.

SHIB is trading at $0.00002420 at press time.

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