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The market keeps rising, setting new local peaks, according to <a href="https://u.today/xrp-price-analysis-for-november-8" rel="noopener noreferrer nofollow">CoinMarketCap ranking</a>. <img data-entity-type="file" data-entity-uuid="6f7b70b1-99f9-424f-8167-6aaa61624bc2" src="https://u.today/sites/default/files/inline-images/top10_763.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
The rate of SHIB has increased by 4.72% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="81d3812f-1e91-4131-a45a-874bb1ab8a4e" src="https://u.today/sites/default/files/inline-images/shiib1.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 rising after a false breakout of the local support level of $0.00000847. If the daily candle closes near the resistance, the growth may continue to the $0.00000880 zone tomorrow. <img data-entity-type="file" data-entity-uuid="0623418b-4a1b-470d-b613-17fb4d2afe2d" src="https://u.today/sites/default/files/inline-images/shib2_44.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the daily chart, one should pay attention to the resistance level of $0.00000871. If the bar closes near it with no long wick, the accumulated energy might be enough for a breakout, followed by further growth to $0.000009. <img data-entity-type="file" data-entity-uuid="90da053e-fcb6-44c3-a985-3b98dccce2de" src="https://u.today/sites/default/files/inline-images/shib3_48.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, traders should focus on the mirror level of $0.00000876.
If its false breakout happens and the candle closes far from it, one can expect a correction within the next week.
SHIB is trading at $0.00000865 at press time.

SHIB Price Analysis for November 9

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