SHIB Price Prediction for February 2
2025-02-02
Category: None

Bears are controlling the initiative on the last day of the week, according to CoinStats.CoinStats">
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The rate of SHIB has declined by almost 7% over the last day.TradingView">
On the hourly chart, the price of SHIB remains bearish. If a breakout of the local support of $0.00001690 happens, one can expect a test of the $0.00001650 area shortly.TradingView">
On the daily time frame, sellers are also more powerful than buyers. If the candle closes around the current prices, traders may witness an ongoing decline to the $0.00001550-$0.000016 zone by the end of the upcoming week.TradingView">
From the midterm point of view, the price of SHIB is on the way to the support level of $0.00001550.
If buyers cannot seize the initiative, there is a chance of a test of the $0.000014-$0.000015 range.
SHIB is trading at $0.00001711 at press time.