<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Buyers are becoming weaker as most of the coins have returned to the red zone, according to <a href="https://u.today/solana-sol-price-prediction-for-october-8" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="62ebde35-d518-4ab6-88ff-e03a858a430c" src="https://u.today/sites/default/files/inline-images/top10_1406.png">SHIB chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
The rate of SHIB has dropped by 0.48% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="608d6c63-e8d2-4e50-91f3-bc253819abd1" src="https://u.today/sites/default/files/inline-images/shib1_118.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of SHIB is testing the local support of $0.00001732. If it breaks out, the fall is likely to continue to the $0.000017 zone. <img data-entity-type="file" data-entity-uuid="10cf0270-9666-4945-9313-8442688724f4" src="https://u.today/sites/default/files/inline-images/shib2_114.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, one should focus on the interim area of $0.000017. If the rate gets to it and the bar closes with no long wick, traders may witness a more profound decrease to the $0.000016-$0.00001650 range shortly. <img data-entity-type="file" data-entity-uuid="d1544a32-fa22-4ba4-8986-aa46f7bc9714" src="https://u.today/sites/default/files/inline-images/shib3_118.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the price of SHIB is far from key levels. If buyers want to get back in the game, they need to restore the rate to the resistance of $0.00002017.
In that case, one can expect growth to the $0.000022-$0.000024 area.
SHIB is trading at $0.00001736 at press time.

SHIB Price Prediction for October 9

Table of Contents

U_Today

Other articles published on Oct 9, 2024

MicroStrategy (MSTR) Stock Stares At Massive Breakout, Will BTC Price Catch Up?

Crypto: Vitalik Buterin On His Way To A Nobel Prize In Economics

Native USDC on Sui – Available Through NAVI Protocol

Why BaseSwap Should Be Your Go-To DeFi Hub

Bitcoin and APT Coin Analysts Predict Market Trends

Scroll Launches SCR Token, Airdrop Set for October 22nd

Join our free newsletter for daily crypto updates!