![SHIB Prediction for August 13](https://u.today/sites/default/files/styles/736x/public/2024-08/51091.jpg)
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Sellers are seizing the initiative at the end of the day, according to CoinStats.
![Article image](/sites/default/files/inline-images/top10_1294.png)
SHIB/USD
The price of SHIB has gone down by 1.68% since yesterday.
![Article image](/sites/default/files/inline-images/shib1_108.png)
On the hourly chart, the price of SHIB is in the middle of the local channel.
The volume has declined, which means there is a low chance of a sharp move until the end of the day.
![Article image](/sites/default/files/inline-images/shib2_105.png)
A similar situation is developing on the bigger time frame. Until the price is below the resistance level of $0.00001440, bears are more powerful than bulls. Respectively, traders may witness a further drop to the $0.000013 range shortly.
![Article image](/sites/default/files/inline-images/shib3_108.png)
On the weekly chart, the rate of SHIB has bounced off the support level. However, it remains not far from it. If selling pressure continues and the price gets back to $0.00001266, there is a possibility to see a test of the vital area of $0.000010.
SHIB is trading at $0.00001375 at press time.