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Bears' are still powerful as the the rates of the top 10 coins are falling, according to <a href="https://u.today/doge-price-prediction-for-june-6" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="90a8378f-05ff-441a-b15b-b42cd07ab5ad" src="https://u.today/sites/default/files/inline-images/top10_1166.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 dropped by 1.18% since yesterday. <img data-entity-type="file" data-entity-uuid="d811e79a-c123-4896-9c0f-02181440bd51" src="https://u.today/sites/default/files/inline-images/shib1_89.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of SHIB is far from the support and resistance levels. Buyers may start thiking about a bounce back only if they restore the price to the $0.00002550 mark and fix above it. <img data-entity-type="file" data-entity-uuid="dbae2672-5c7b-433c-949c-1c125f0b39a1" src="https://u.today/sites/default/files/inline-images/shib2_85.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, none of the sides is dominating. The volume remains low, which means there are low chances of seeing sharp moves soon.&nbsp;
In this case, ongoing sideways trading in the narrow range of $0.000025-$0.000026 is the more likely scenario until the end of the week. <img data-entity-type="file" data-entity-uuid="fade08bd-73c7-4513-84bf-1763de91d73e" src="https://u.today/sites/default/files/inline-images/shib3_91.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the picture is quite similar. Neither buyers nor sellers have seized the initiative. In this regard, traders may expect consolidation in the area of $0.000022-$0.000027.
SHIB is trading at $0.00002527 at press time.

SHIB Price Prediction for June 7

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