SHIB Price Prediction for October 13
2024-10-13

The last day of the week has turned out to be bearish for the crypto market, according to CoinStats.Top coins by CoinStats
SHIBUSD
The price of SHIB has fallen by 4.42% since yesterday.Image by TradingView
Despite today's decline, the rate of SHIB keeps looking bearish on the hourly chart. If bulls cannot restore the price above the resistance of $0.00001752, the correction is likely to continue to the $0.000017 zone.Image by TradingView
On the bigger time frame, there are no reversal signals yet. If the situation does not change, traders may witness a test of the $0.00001650 area shortly.Image by TradingView
From the midterm point of view, the rate of SHIB has not accumulated enough energy for a sharp move.
In this case, sideways trading in the range of $0.000016-$0.000019 is the more likely scenario.
SHIB is trading at $0.00001721 at press time.