SHIB Shows Potential for Moderate Gains Amid Mixed Weekly Market Trends

Key Points

1. SHIB/USD price increased by 1.18% in the last 24 hours, trading near $0.00001218.

2. Key resistance is at $0.00001220; a daily close above this level could push SHIB to $0.00001250.

3. Low volatility, indicated by the daily Average True Range (ATR), suggests limited price movement in the near term.

4. The midterm outlook is cautious, with SHIB struggling to break resistance and potential support at $0.00001000 if resistance holds.

5. Traders should monitor daily closing prices and volatility changes for potential breakout or retest scenarios.