Well, well, well, it seems the bears are still in their cozy dens, not quite ready to take over, according to CoinStats. 🐻💤
SHIB/USD
The price of SHIB has had a little pep in its step, up by 1.33% over the past day. 📈 But let’s not get too excited, shall we?
On the hourly chart, SHIB is looking a bit like a kid who tried to jump over a puddle and ended up splashing in it. The rate is declining after a false breakout of the local resistance of $0.00001188. If the sellers keep up the pressure, we might see a test of the $0.0000116-$0.00001170 range by tomorrow. 🤷♀️
On the longer time frame, things are as exciting as a Monday morning meeting. The price is within yesterday’s bar, which means there’s a low chance of seeing any sharp moves soon. 🕒
So, the most likely scenario is a bit of a snooze fest, with sideways trading in the area of $0.00001150-$0.000012. 🛌
From a midterm perspective, it’s more of the same. The volume keeps falling, confirming that both buyers and sellers are feeling a bit lazy. All in all, traders are unlikely to see increased volatility over the next few weeks. 🏖️
At press time, SHIB is trading at $0.00001180. So, if you’re holding, maybe it’s time to grab a cup of tea and settle in for a long, uneventful ride. 🍵
Read More
- EUR USD PREDICTION
- GBP USD PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- EUR RUB PREDICTION
- DOGE GBP PREDICTION. DOGE cryptocurrency
- USD INR PREDICTION
- USD KZT PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- ENA PREDICTION. ENA cryptocurrency
- USD MYR PREDICTION
2025-07-08 18:10