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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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The overral market trend remains bearish, according to <a href="https://u.today/toncoin-ton-prediction-for-july-24" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="2b2a46d4-a608-428f-b7c5-cb4aa76f729e" src="https://u.today/sites/default/files/inline-images/top10_1256.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
The price of SHIB has gone down by 7.48% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="e22b60ff-9ecb-44b9-8b18-d6be0e100321" src="https://u.today/sites/default/files/inline-images/shib1_103.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of SHIB has bounced off the local support level of $0.000016. However, if sellers' pressure continues, one can expect a breakout, followed by a move to the $0.00001580 zone soon. <img data-entity-type="file" data-entity-uuid="4d43f405-9572-456b-af5f-3285067a9eb9" src="https://u.today/sites/default/files/inline-images/shib2_99.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Bears are also powerful on the bigger time frame. If the daily candle closes near the $0.00001592 level or below it, the accumulated energy might be enough for a further correction to the $0.000015-$0.00001550 zone. <img data-entity-type="file" data-entity-uuid="7a35ffe3-2e33-4684-afe1-d5679625ed8f" src="https://u.today/sites/default/files/inline-images/shib3_103.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, buyers have failed to keep the rise after the previous bullish bar's closure.&nbsp;
If the situation does not change until the end of the week, the fall is likely to continue to the $0.000014 range.
SHIB is trading at $0.00001626 at press time.

SHIB Prediction for July 25

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