The cryptocurrency market ends the week on a bullish note, according to CoinStats. SHIB has emerged as an example of recovery, showing a positive trend after significant weekly declines.

Current Dynamics of SHIB

At the time of writing, SHIB's rate has increased by 1.16% in comparison to the previous day. However, over the last week, the token's price has fallen by 9.9%. On the hourly chart, prices are rising post a breakout of the local level at $0.00001755, indicating a buyer's dominance.

Daily Chart Expectations

On a larger time frame, attention should be paid to the daily bar closure around the $0.00001773 level. If it stays above this mark, growth is likely to continue to the $0.00001850-$0.000019 range in the upcoming days.

Midterm Prospects

From a midterm perspective, potential buyers might consider further growth once the price restores above the $0.00002017 resistance. Until this happens, there remains a chance of correction to the $0.000017 level.

Currently, SHIB is trading at $0.00001793. Depending on market developments, further price changes could increase investor interest or trigger short-term adjustments.