![SHIB Prediction for August 11](https://u.today/sites/default/files/styles/736x/public/2024-08/s3625.jpg)
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The last day of the week is mainly bullish, however, there are some exceptions, according to CoinMarketCap.
![Article image](/sites/default/files/inline-images/top10_1289.png)
SHIB/USD
The rate of SHIB has increased by 0.56% over the past day.
![Article image](/sites/default/files/inline-images/shub1_0.png)
On the hourly chart, the price of SHIB is returning to the local support level of $0.00001406. If buyers fail to seize the initiative by the end of the day, one can expect a breakout followed by a further drop to the $0.00001390 zone.
![Article image](/sites/default/files/inline-images/shib2_104.png)
On the bigger time frame, the bar is about to close far from today's peak. If nothing changes, bears may be back in the game again, which can lead to a test of the $0.000014 area.
![Article image](/sites/default/files/inline-images/shib3_107.png)
From the midterm point of view, the rate of SHIB has made a false breakout of the support level of $0.00001266.
If the weekly candle closes around the current prices, traders may witness sideways trading in the area of $0.000013-$0.000015 over the next few days.
SHIB is trading at $0.00001415 at press time.