<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/35872.jpg" alt="Cover Image" width="800"
 height="500">
 <figcaption>Cover image via <a href="https://u.today/">U.Today</a></figcaption>
 </figure>Bears have come back to the game, according to the <a href="https://u.today/doge-price-analysis-for-june-6">CoinMarketCap ranking</a>.<img alt="Top 10 coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="926c2d6a-bc6f-4702-9f7b-51fc390d2040" src="https://u.today/sites/default/files/inline-images/top10_476.png" />Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a><h2 id="shib-usd">SHIB/USD</h2>The rate of SHIB has fallen by almost 5% over the last 24 hours.<img alt="SHIB/USD chart by TradingView " data-entity-type="file" data-entity-uuid="7807cc0f-c809-4718-ae84-c86dc602d6fa" src="https://u.today/sites/default/files/inline-images/shib1_29.png" />Image by <a href="https://www.tradingview.com/symbols/SHIBUSD">TradingView</a>On the hourly chart, the rate of SHIB is trading in the middle of the local channel, accumulating power for a further move. If the closure happens near the $0.00000810 mark, there is a chance to see a resistance breakout, followed by a blast to the $0.00000840 area.<img alt="SHIB/USD chart by TradingView " data-entity-type="file" data-entity-uuid="88db3dd9-b9d4-4b9c-8b93-9c0204a2b501" src="https://u.today/sites/default/files/inline-images/shib2_31.png" />Image by <a href="https://www.tradingview.com/symbols/SHIBUSD">TradingView</a>On the bigger chart, the price is fighting for the important zone of $0.000008. Currently, one should focus on that area. If the bar closure happens above that area, there is a chance to see a bounce back to the $0.000009 range.<img alt="SHIB/USD chart by TradingView " data-entity-type="file" data-entity-uuid="2a82e008-e708-4191-b970-ad2b49a46046" src="https://u.today/sites/default/files/inline-images/shib3_36.png" />Image by <a href="https://www.tradingview.com/symbols/SHIBUSD">TradingView</a>From the midterm point of view, the rate of SHIB has made a false breakout of the support at $0.0000778.<a href="https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-june-5-0">card</a>However, if the bar closes near that mark, the accumulated energy is supposed to be enough for a more profound decrease to the $0.000007 area.SHIB is trading at $0.00000806 at press time.

SHIB Price Analysis for June 6

Table of Contents

U_Today

Other articles published on Jun 6, 2023

XRP Community Reacts to Latest SEC Action Against Coinbase

Stolen crypto from Atomic Wallet traced to North Korean-linked Mixer

Community Asks: Customizing NFTs?

Cboe Global Markets Gains Approval for Margin Crypto Futures Trading

Enzyme Finance Starts Supporting Supply to the Liquidity Pools on Aave V3

Atomic Wallet hacked: “All the hard working money” vanished!

Join our free newsletter for daily crypto updates!