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The market might need time to gain energy for a further move, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-november-12" rel="noopener noreferrer nofollow">CoinStats</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1472.png" data-entity-uuid="8e571c70-d45a-4eff-b83a-bff9cf78253a" data-entity-type="file" data-caption="SHIB chart by&amp;nbsp;<a href=&quot;https://coinstats.app/coins/&quot;>CoinStats</a>">
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
The price of SHIB has dropped by almost 17% over the last day. <img src="https://u.today/sites/default/files/inline-images/shib1_127.png" data-entity-uuid="ef146640-b36f-4811-968e-e17e4c75b506" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/SHIBUSDT&quot;>TradingView</a>">
Despite today's decline, the rate of SHIB keeps looking bearish on the hourly chart. The price is near the support of $0.00002333.
If bears' pressure continues, there is a chance to see a level breakout, followed by a test of the $0.000023 area. <img src="https://u.today/sites/default/files/inline-images/shib2_122.png" data-entity-uuid="708ad0be-1593-4da8-9618-dc0bf479d16e" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/SHIBUSDT&quot;>TradingView</a>">
On the bigger time frame, traders should pay attention to the daily closure in terms of the $0.00002440 level. If it happens and the bar closes near its low, the correction may lead to a test of the $0.000021-$0.000022 range soon. <img src="https://u.today/sites/default/files/inline-images/shb3.png" data-entity-uuid="15773285-06d6-4d0a-b4eb-bb60379fd9f2" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/SHIBUSDT&quot;>TradingView</a>">
On the weekly chart, the rate of SHIB has made a false breakout of the resistance of $0.00002954. If the bar closes around the current prices or below, traders may witness a test of the support level until the end of the month.
SHIB is trading at $0.0000024 at press time. <a href="https://u.today/shib-price-prediction-for-november-13" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

SHIB Price Prediction for November 13

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