<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Bears are giving bulls no chance, as most of the cryptocurrencies are in the <a href="https://u.today/xrp-price-analysis-for-july-5">red zone</a>.
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="7b92270e-0d91-4cec-b476-f123ba899f9d" src="https://u.today/sites/default/files/inline-images/top10_530.png">
Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 id="shib-usd">SHIB/USD</h2>
The rate of SHIB has declined by 3.44% over the last 24 hours.
<img alt="SHIB/USD chart byTradingView" data-entity-type="file" data-entity-uuid="499711c5-217d-48e8-aec5-c2c9759b492d" src="https://u.today/sites/default/files/inline-images/shib1_31.png">
Image by <a href="https://www.tradingview.com/symbols/SHIBUSD">TradingView</a>
On the hourly chart, the rate of SHIB has fixed below the support level at $0.00000739. Thus, the selling volume has increased, which means that bears have locally seized the initiative. In this regard, an ongoing drop to the $0.000007 area is a likely scenario.
<img alt="SHIB/USD chart by TradingView " data-entity-type="file" data-entity-uuid="f549ef8d-d1e9-4ca1-89bd-27bf37324646" src="https://u.today/sites/default/files/inline-images/shib2_33.png">
Image by <a href="https://www.tradingview.com/symbols/SHIBUSD">TradingView</a>
On the bigger time frame, one should pay attention to the nearest support level at $0.00000702. If the decline continues to that mark, the accumulated energy might be enough for a further decline to the $0.00000660 area.
<img alt="SHIB/USD chart by TradingView " data-entity-type="file" data-entity-uuid="29f6e67d-525e-4a25-b4d1-b02b4072b135" src="https://u.today/sites/default/files/inline-images/shib3_38.png">
Image by <a href="https://www.tradingview.com/symbols/SHIBUSD">TradingView</a>
On the weekly chart, the bar is on its way to the previous candle low at $0.00000702.
<a href="https://u.today/aave-price-analysis-for-july-5">card</a>
If the candle closure happens below it, there is a high chance of seeing an ongoing downward move to $0.000006.
SHIB is trading at $0.00000728 at press time.

SHIB Price Analysis for July 6

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