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SHIB Price Prediction for February 8
Sellers’ pressure remains relevant today as well, according to CoinStats . As of press time, the rate of SHIB has dropped by 0.87% over the last 24 hours.
In terms of chart analysis, the price of SHIB is showing a bullish trend on the hourly chart, moving towards the local resistance level of $0.00001580. Should the daily bar close around or above this mark, there’s a possibility of a breakout followed by a move to the $0.000016 zone.
On a larger time frame, traders should focus on yesterday’s high and whether it will be surpassed today. If the situation doesn’t change by the end of the week, sharp moves are unlikely to happen by the end of the month.
As of now, SHIB is trading at $0.00001569.
In summary, the market situation for SHIB remains neutral, with no clear direction or trend in sight.
Source: https://u.today/shib-price-prediction-for-february-8
