Bulls continue controlling the situation on the market, according to CoinStats.
SHIB/USD
The rate of SHIB has increased by 0.66% over the last 24 hours.
On the hourly chart, the price of SHIB is in the middle of the local channel, between the support of $0.00001212 and the resistance of $0.00001257. As most of the ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, traders should focus on the resistance level of $0.00001257.
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If it breaks out, the accumulated energy might be enough for a test of the $0.000013 zone soon.
From the midterm point of view, the price of SHIB is within the previous weekly candle. At the moment, one should focus on the interim zone of $0.00001150. If the bar closes below it, the decline is likely to continue to the $0.000010 area.
SHIB is trading at $0.00001235 at press time.
Source: https://u.today/shib-price-prediction-for-august-5