<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The bulls do not seem powerful enough to keep the growth going, according to <a href="https://u.today/solana-sol-price-prediction-for-september-10">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="d1c561fd-0aa3-4425-9ca4-63559cd472e5" src="https://u.today/sites/default/files/inline-images/top10_1352.png">SHIB&nbsp; chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
The rate of SHIB has gone down by 2.31% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="f5169e9d-8044-4e38-bb84-3e65aa727f3a" src="https://u.today/sites/default/files/inline-images/shib1_113.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT">TradingView</a>
On the hourly chart, the price of SHIB has broken the local support level of $0.00001313. Until it is below that mark, bears will be more powerful than bulls.
In this case, growth may continue to the $0.00001280 range.
<img data-entity-type="file" data-entity-uuid="88168b93-62b5-498d-86d4-55cc617dcbb0" src="https://u.today/sites/default/files/inline-images/shib2_110.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT">TradingView</a>
A bearish picture can also be seen on the daily time frame. If the bar closes around current prices, the accumulated energy might be enough for a support breakout, followed by a blast to the $0.00001150 zone.
<img data-entity-type="file" data-entity-uuid="dfb2ce98-5fcc-4323-a79d-e3791bbdc937" src="https://u.today/sites/default/files/inline-images/shib3_113.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT">TradingView</a>
From the midterm point of view, the situation is quite similar. As there are no reversal signals yet, traders can expect an ongoing downward move to the $0.00001 area until the end of the month.
SHIB is trading at $0.00001305 at press time.

SHIB Price Prediction for September 11

Table of Contents

U_Today

Other articles published on Sep 11, 2024

Glassnode Analysts Forecast Bitcoin’s Potential Price Surge

Ancient Bitcoin Wallet Sees Epic Awakening After 11 Years of Dormancy

UAE Fintech Firm Launches Regulated Ethereum L2 Blockchain for Real World Assets (RWA)

Shiba Inu FUD Reaches a ‘Tremendous’ Level as This SHIB Indicator Plummets to a 22-Month Low: Det...

Two weeks after SEC’s approval to exchanges, EFCC freezes N548m crypto funds on ByBit, KuCoin, ot...

a16z Crypto Selects 21 Startups for Fall 2024 Accelerator Cohort

Join our free newsletter for daily crypto updates!