<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Most coins are rising at the end of the week, according to <a href="https://u.today/doge-price-prediction-for-february-17" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="5a4d6ac0-36b8-45ce-a4fd-dcbc3471a4e7" src="https://u.today/sites/default/files/inline-images/top10_945.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 increased by almost 1% since yesterday. <img data-entity-type="file" data-entity-uuid="ecc9b437-4d00-4a92-bf34-56d7711001ec" src="https://u.today/sites/default/files/inline-images/shib1_60.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly time frame, the rate of SHIB is growing after a false breakout of the local support at $0.00000959.
If the daily candle closes around the current prices and with no long wicks, the growth may lead to a test of the vital zone of $0.000010. <img data-entity-type="file" data-entity-uuid="dd9cdf93-c8e7-4aee-bdba-0ea2eba5437b" src="https://u.today/sites/default/files/inline-images/shib2_57.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger chart, neither bulls nor bears are dominating. Only if the bar returns to $0.000010 is there a possibility of an ongoing bullish trend. However, until it happens, traders may witness a local correction. <img data-entity-type="file" data-entity-uuid="3092f9a9-3e71-4dcc-99c5-1e05ef78f21e" src="https://u.today/sites/default/files/inline-images/shib3_63.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar situation is on the weekly time frame. At the moment, the rate is in the middle of the wide channel between the support of $0.00000827 and the resistance of $0.00001136. As neither side has seized the initiative yet, ongoing consolidation around the $0.000010 zone is the more likely scenario until the end of the month.
SHIB is trading at $0.00000978 at press time.

SHIB Price Prediction for February 18

Table of Contents

U_Today

Other articles published on Feb 18, 2024

Personal information of over 50,000 exposed in Bank of America breach

Dogecoin Price Prediction As Emerging Bullish Pattern Signals a Rally to $0.1

What are utility NFTs, and why do they matter?

Watch Out: Many Altcoins Will Experience Massive Token Unlocks in the New Week – Here is the Day ...

Peak XV Hosts AI Immersion Week

How Much Information Must We Entrust for Effective Personhood Verification?

Join our free newsletter for daily crypto updates!