SHIB Prediction for August 7

Buyers have turned out to be not so powerful, according to CoinStats.

SHIB/USD

The price of SHIB has declined by 2.18% since yesterday.

On the hourly chart, the rate of SHIB is trading below the local support level of $0.00001328. If the daily bar closes below it, the decline is likely to continue to the $0.000013 zone tomorrow.

On the daily time frame, the picture is also more bearish than bullish. If a breakout of the $0.00001266 level happens, there are high chances of a test of the vital zone of $0.000010 within the next few days.

From the midterm point of view, one should pay attention to the weekly bar closure.

If it happens near the support level, the decline can continue until the end of the month.

SHIB is trading at $0.00001321 at press time.

Source