SHIB Prediction for September 8

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The end of the week is bullish for the crypto market, according to CoinStats.

SHIB chart by CoinStats

SHIB/USD

The price of SHIB has gone up by 1.06% over the past 24 hours.

Image by TradingView

On the hourly chart, the rate of SHIB is trying to break the local resistance of $0.00001301. If buyers manage to do that, the upward move to $0.00001340 is likely to continue.

Image by TradingView

On the bigger time frame, the price of the meme coin is going up after a bounce back from the support of $0.00001244. However, if buyers want to maintain the growth, they need to restore the rate to the area of $0.000014.

Image by TradingView

From the midterm point of view, the picture is less positive. The rate of SHIB remains near the support of $0.00001266.

If a breakout happens, the decline may lead to a test of the $0.000011-$0.000012 range by the end of the month.

SHIB is trading at $0.000013 at press time.