SHIB Prediction for September 8

09/09/2024 01:00
SHIB Prediction for September 8

Does price of SHIB have enough energy to rise upcoming week?

Original U.Today article

SHIB Prediction for September 8

Cover image via U.Today

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.

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SHIB chart by CoinStats

SHIB/USD

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

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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.

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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.

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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.

Related

Cardano (ADA) Prediction for September 7

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.

About the author

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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