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SHIB Price Prediction for July 8
The Shiba Inu community is eagerly awaiting the price prediction for July 8, and we are here to provide you with a comprehensive analysis.
According to CoinStats, bears do not seem ready yet to seize the initiative. The SHIB/USD chart suggests that the rate of Shiba Inu has increased by 1.33% over the past day. On an hourly chart, the price is declining after a false breakout above $0.00001188. If sellers’ pressure continues, traders may witness a test of the range between $0.0000116-$0.00001170 by tomorrow.
On a longer time frame, the picture remains neutral as the price stays within yesterday’s bar, which indicates low chances of seeing sharp moves soon. Therefore, we anticipate sideways trading in the area of $0.00001150-$0.000012 to be the most likely scenario.
From a midterm perspective, the situation is similar. The volume continues to fall, confirming the absence of buyers’ and sellers’ energy. As a result, traders are unlikely to witness increased volatility over the next few weeks.
As of now, SHIB is trading at $0.00001180.
Source: u.today
