At the start of the weekend, buyers are controlling the initiative in the SHIB market. We analyze the current situation and future prospects of this cryptocurrency.
SHIB/USD Price Dynamics
SHIB's price has increased by 1.92% over the last 24 hours. Within the chart, the rate is situated in the middle of the local channel.
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Short-term Analysis
On the hourly chart, most of the daily ATR has been covered, reducing the potential for sharp moves in the near future.
Mid-term Prospects
From a mid-term perspective, the meme coin is moving towards the resistance of $0.00002017. If the weekly candle closes above this level, further growth to the $0.000022 range may occur.
The future prospects of SHIB's price hinge on its ability to overcome key resistance levels. Currently, SHIB is trading at $0.00001926.