<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Sellers are seizing the initiative at the end of the day, according to <a href="https://u.today/doge-prediction-for-august-13">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="f8f1e126-1e01-44ae-8e28-e1ed5942078e" src="https://u.today/sites/default/files/inline-images/top10_1294.png">SHIB chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
The price of SHIB has gone down by 1.68% since yesterday.
<img data-entity-type="file" data-entity-uuid="d37cc7da-681f-49ac-ba84-293af58cf650" src="https://u.today/sites/default/files/inline-images/shib1_108.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT">TradingView</a>
On the hourly chart, the price of SHIB is in the middle of the local channel.&nbsp;
The volume has declined, which means there is a low chance of a sharp move until the end of the day.
<img data-entity-type="file" data-entity-uuid="0336ce24-1af5-4bb2-9f24-3324f3a446e4" src="https://u.today/sites/default/files/inline-images/shib2_105.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT">TradingView</a>
A similar situation is developing on the bigger time frame. Until the price is below the resistance level of $0.00001440, bears are more powerful than bulls. Respectively, traders may witness a further drop to the $0.000013 range shortly.
<img data-entity-type="file" data-entity-uuid="ce98cbd4-a6da-4ea1-8651-2bfffdd93ef8" src="https://u.today/sites/default/files/inline-images/shib3_108.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT">TradingView</a>
On the weekly chart, the rate of SHIB has bounced off the support level. However, it remains not far from it. If selling pressure continues and the price gets back to $0.00001266, there is a possibility to see a test of the vital area of $0.000010.
SHIB is trading at $0.00001375 at press time.

SHIB Prediction for August 13

Table of Contents

U_Today

Other articles published on Aug 13, 2024

Pump.fun reaches nearly $30M in July amid Solana memecoin boom

Justin Sun Executes Strategic Crypto Transfers

Shiba Inu Price Prediction: SHIB Whale Activity Soars 240% As Experts Say Consider This P2E Meme ...

Tether USDT Hits $115B Market Cap – A New Milestone in Crypto

Bitcoin Price Analysis: Massive Breakout on the Horizon? Watch This Key Pattern!

Bitcoin bounces back – but cautionary metrics persist

Join our free newsletter for daily crypto updates!