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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
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Bulls are not giving up so easily, according to <a href="https://u.today/link-price-analysis-for-september-30" rel="noopener noreferrer nofollow">CoinStats</a>. 
<img data-entity-type="file" data-entity-uuid="a270fe81-2103-4f59-bf69-387be2b7646d" src="https://u.today/sites/default/files/inline-images/top10_690.png">SHIB chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a> 
<h2 id="shib-usd">SHIB/USD</h2> 
The price of SHIB has increased by 1.70% since yesterday. 
<img data-entity-type="file" data-entity-uuid="e78ba47e-8c54-450a-bfeb-adc4daa06ffd" src="https://u.today/sites/default/files/inline-images/shib1_36.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the price of SHIB is trading near the local resistance of $0.00000749. If the daily bar closes near that mark, the upward move may lead to a test of the $0.00000755 area tomorrow. 
<img data-entity-type="file" data-entity-uuid="2683b18c-fbf4-4986-96ed-5bd047bc2012" src="https://u.today/sites/default/files/inline-images/shib2_38.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the bigger time frame, the situation is less positive. The rate keeps trading sideways as neither side has enough power for a sharp move. The falling volume confirms this statement. Overall, consolidation in the area of $0.00000730-$0.00000760 is the more likely scenario for the next few days. 
<img data-entity-type="file" data-entity-uuid="534e3aea-1307-4c9c-9750-545407c42843" src="https://u.today/sites/default/files/inline-images/shib3_43.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, the price has not bounced off far from the support of $0.00000695, which means it is too early to think about a midterm reversal.&nbsp; 
In this case, ongoing sideways trading in the area of $0.000007-$0.000008 is the more likely scenario until mid-October. 
SHIB is trading at $0.00000742 at press time.

SHIB Price Analysis for October 1

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