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SHIB Price Prediction for June 16

Sun, 16/06/2024 – 18:00

Cover image via U.Today

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Almost no coins from the top 10 list are ready for a sharp move, according to CoinStats.

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SHIB chart by CoinStats

SHIB/USD

The rate of SHIB has risen by 0.12% since yesterday, while the price change over the last week has made up -10.6%.

Image by TradingView

On the hourly chart, the price of SHIB has bounced off the resistance level of $0.00002078. Until the rate is below that mark, bears are more powerful than bulls. 

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But if a breakout happens, the blast may continue to the $0.000021 zone.

Image by TradingView

On the bigger time frame, the rate is trading within yesterday’s candle. However, if the daily candle closes above $0.000021, there is a chance to see a test of the $0.00002150-$0.000022 zone shortly.

Image by TradingView

On the weekly chart, the price is on its way to testing the support level of $0.00001830. If buyers cannot seize the initiative and a breakout happens, the accumulated energy might be enough for a dump to the $0.000017-$0.000018 range.

SHIB is trading at $0.00002071 at press time.

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