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Bulls could not seize the initiative on the last day of the week, according to <a href="https://u.today/binance-coin-bnb-price-prediction-for-june-1" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="f343d8aa-22da-4910-a3d8-da853b5fe699" src="https://u.today/sites/default/files/inline-images/top10_1154.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 rate of SHIB has dropped by 1.76% since yesterday. <img data-entity-type="file" data-entity-uuid="1b0a0b22-c286-4c9f-ab44-e8397b72f355" src="https://u.today/sites/default/files/inline-images/shib1_87.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of SHIB is on the way to the support level of $0.00002471. If the situation does not change by the end of the day, one can expect a breakout to the $0.00002450 zone. <img data-entity-type="file" data-entity-uuid="6e4b045a-361e-42ec-8efe-f6dda876ac08" src="https://u.today/sites/default/files/inline-images/shib2_83.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the rate of SHIB keeps falling after yesterday's bearish closure. At the moment, one should pay attention to the $0.000024 area.
If the decline continues to it, the accumulated strength might be enough for a further decline to $0.000023. <img data-entity-type="file" data-entity-uuid="f4b4a23f-7e9d-4b1c-b961-9bd1ba00939a" src="https://u.today/sites/default/files/inline-images/shib3_89.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
The weekly bar is about to close bearish. If nothing changes, traders may witness a test of the $0.000021 range soon. Such a scenario is relevant until mid-June.
SHIB is trading at $0.00002494 at press time.

SHIB Price Prediction for June 2

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