SHIB’s July 8 Price Prediction: A Rollercoaster of Indecision 🎢

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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. 🍵

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2025-07-08 18:10