The SHIBUSDT is trading in an uptrend channel, which can be seen from the rising trend lines of support and resistance.
On the chart, the price is forming a consolidation between the levels of 1246 and 1167, the price is also testing a local downtrend line on the uptrend, there are prerequisites for a breakdown of this level
I assume that consolidation around the resistance may continue by breakdown of this level and we will see growth. The short-term target is resistance 0.00001317, and the medium-term target is 0.00001437.
Regards R.Linda!