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SHIB Price Prediction for September 11

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Wed, 11/09/2024 - 15:54
SHIB Price Prediction for September 11
Cover image via U.Today

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The bulls do not seem powerful enough to keep the growth going, according to CoinStats.

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SHIB  chart by CoinStats

SHIB/USD

The rate of SHIB has gone down by 2.31% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of SHIB has broken the local support level of $0.00001313. Until it is below that mark, bears will be more powerful than bulls.

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In this case, growth may continue to the $0.00001280 range.

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Image by TradingView

A bearish picture can also be seen on the daily time frame. If the bar closes around current prices, the accumulated energy might be enough for a support breakout, followed by a blast to the $0.00001150 zone.

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Image by TradingView

From the midterm point of view, the situation is quite similar. As there are no reversal signals yet, traders can expect an ongoing downward move to the $0.00001 area until the end of the month.

SHIB is trading at $0.00001305 at press time.

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