Buyers keep controlling the initiative at the beginning of the weekend, according to CoinStats.

SHIB chart by CoinStatsSHIB/USD

The price of SHIB has increased by 1.92% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of SHIB is in the middle of the local channel. As most of the daily ATR has been passed, any sharp moves are unlikely to happen soon.

Image by TradingView

On the bigger time frame, the price of SHIB is far from the key levels. In this case, one should pay attention to the nearest zone of $0.000020.

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If a breakout happens, the growth may continue to the $0.000021-$0.000022 range soon.

Image by TradingView

From the midterm point of view, the rate of the meme coin is on the way to the resistance of $0.00002017. If the weekly candle closes above it, the accumulated energy might be enough for a test of the $0.000022 zone soon.

SHIB is trading at $0.00001926 at press time.