SHIB Prediction for August 17

Bulls are more powerful than bears at the beginning of the weekend, according to CoinStats.

SHIB/USD

The price of SHIB has risen by 1.34% since yesterday.

On the hourly chart, the rate of SHIB is rising after a breakout of the resistance of $0.00001333. If buyers can hold the gained initiative until the end of the day, the upward move may lead to a test of the $0.00001350 area shortly.

A less bullish picture is on the daily time frame. Even if the candle closes around the current prices, the energy might not be enough for a continued upward move.

All in all, sideways trading in the area of $0.000013-$0.00001380 is the more likely scenario for the next days.

On the weekly chart, the rate of SHIB remains below the support level of $0.00001266. If the drop to it continues, there is a chance of a breakout followed by a dump to the $0.000011-$0.000012 area.

SHIB is trading at $0.00001335 at press time.

Source