Most of the coins keep trading in the green zone, according to CoinMarketCap.

Top coins by CoinMarketCapSHIB/USD

The price of SHIB has gone up by 5.34% since yesterday.

Image by TradingView

The rate of SHIB is rising after a false breakout of the local support level of $0.00001475. If the growth continues to the resistance, there is a chance to see a test of the $0.000016 range tomorrow.

Image by TradingView

On the bigger time frame, one should pay attention to the daily bar's closure. If it happens near its peak, traders may witness a test of the resistance of $0.00001605 until the end of the week.

Image by TradingView

From the midterm point of view, the price of the meme coin is far from key levels. However, if the upward move continues to the interim zone of $0.000016, there is a possibility of seeing ongoing growth to the $0.000018 mark.

SHIB is trading at $0.00001538 at press time.