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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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Buyers are back in the game, according to <a href="https://u.today/solana-sol-price-prediction-for-july-12" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="4b9d5059-2dfe-44da-a785-4639445a0118" src="https://u.today/sites/default/files/inline-images/top10_1233.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 price of SHIB has risen by 4.57% over the last day. <img data-entity-type="file" data-entity-uuid="89f04a73-1bad-495f-84cb-19c2b1bf2deb" src="https://u.today/sites/default/files/inline-images/shib1_101.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 is in the middle of the local channel. However, if the daily bar closes near the resistance, there is a chance of a breakout, followed by a move to the $0.00001760 zone. <img data-entity-type="file" data-entity-uuid="fdc1c4f1-6507-499b-a60a-5b6d6adf9262" src="https://u.today/sites/default/files/inline-images/shib2_96.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, one should pay attention to the candle closure in terms of the level of $0.00001710.
If it happens near it and with no long wick, the accumulated strength might be enough for a rise to the $0.000018 range. <img data-entity-type="file" data-entity-uuid="9b82d94e-ae33-4877-b2d9-31506827c4af" src="https://u.today/sites/default/files/inline-images/shib3_100.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, a fast reversal is unlikely, even though the bar might close in the bullish zone. Meanwhile, sideways trading in the area of $0.000016-$0.000018 is the more likely scenario.
SHIB is trading at $0.00001689 at press time.

SHIB Price Prediction for July 13

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