mirror

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 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
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Bears remain more powerful than bulls, according to the <a href="https://u.today/xrp-price-analysis-for-august-16" rel="noopener noreferrer nofollow">CoinMarketCap ranking</a>. 
<img alt="Top 10 coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="f8e7166c-8bf6-424d-8005-57b8758fab2c" src="https://u.today/sites/default/files/inline-images/top10_603.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="shib-usd">SHIB/USD</h2> 
The price of SHIB has declined by 11.19% over the last 24 hours. 
<img alt="SHIB/USD chart by Trading View" data-entity-type="file" data-entity-uuid="1291dd46-203d-44ba-875f-5f9b80cdfdde" src="https://u.today/sites/default/files/inline-images/shib1_33.png"> 
Image by <a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the price of SHIB has fixed below the support level of $0.00000874. If buyers cannot seize the initiative shortly, the drop may continue to the $0.000008 area soon. 
<img alt="SHIB/USD chart by Trading View" data-entity-type="file" data-entity-uuid="d55ec5c3-a32e-48b2-89d8-6f571d248a2b" src="https://u.today/sites/default/files/inline-images/shib2_35.png"> 
Image by <a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily time frame, the rate of SHIB has tested the mirror level of $0.0000853. If the candle closes near it or below, bears are likely to seize the initiative, which can lead to an ongoing decrease to the next support level of $0.00000758 within the next few days. 
<img alt="SHIB/USD chart by Trading View" data-entity-type="file" data-entity-uuid="baa47e3f-c848-4634-b468-54b1a6786ee6" src="https://u.today/sites/default/files/inline-images/shib3_40.png"> 
Image by <a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>&nbsp; 
From the midterm point of view, traders should focus on the bar's closure. 
If it happens below yesterday's bar low, the decline may lead to the test of the $0.00000750-$0.000008 area by the end of the month. 
SHIB is trading at $0.00000855 at press time.

SHIB Price Analysis for August 17

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