SHIB Price Prediction for July 9

Some coins from the top 10 list have returned to the green zone, according to CoinMarketCap.

SHIB/USD

The rate of SHIB is unchanged over the last 24 hours.

On the hourly chart, the price of SHIB is in the middle of the local channel. As most of the daily ATR has been passed, there are low chances to expect any sharp moves until the end of the day.

On the bigger time frame, the situation is bearish as the rate is closer to the support than to the resistance level. Buyers can start thinking about a possible reversal only if they restore the price to the $0.000018 zone and fix above it.

From the midterm point of view, none of the sides is dominating, as the rate of SHIB is trading within the previous bar.

If nothing changes, sideways trading between $0.000015 and $0.000018 is the more likely scenario.

SHIB is trading at $0.00001636 at press time.

Source