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SHIB Price Prediction for July 1
The Shiba Inu (SHIB) price prediction for July 1 has been a topic of great interest in the crypto space lately, and we are here to provide you with an accurate forecast.
According to recent data from CoinStats, the rate of SHIB has declined by 1.88% over the last 24 hours.
The hourly chart shows that the price of SHIB has made a false breakout of the local support at $0.00001121. The longer time frame also reveals no reversal signals so far.
If the price does not bounce back by the end of the day or fixes below this level, it is likely that we will see an ongoing downward move to the $0.00001110 zone. SHIB currently trades at $0.00001122 as of press time.
Based on these findings, our forecast for July 1 suggests that the price may witness a test of the $0.000011 range if it breaks this level, or potentially face an ongoing downward move if it fails to bounce back by the end of the day.
Source: u.today
