bullish

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Bulls are more powerful than bears at the beginning of the weekend, according to <a href="https://u.today/ethereum-eth-prediction-for-august-16" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="3a0a2269-f3e0-439d-81b9-e088bb6f1cfb" src="https://u.today/sites/default/files/inline-images/top10_1302.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 risen by 1.34% since yesterday. <img data-entity-type="file" data-entity-uuid="6271d576-a5bc-4c28-a765-b8a8caa666bf" src="https://u.today/sites/default/files/inline-images/shib1_109.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 rising after a breakout of the resistance of $0.00001333. If buyers can hold the gained initiative until the end of the day, the upward move may lead to a test of the $0.00001350 area shortly. <img data-entity-type="file" data-entity-uuid="0c91fd3b-e333-4dd9-a9bb-def8cc19ac2b" src="https://u.today/sites/default/files/inline-images/shib2_106.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A less bullish picture is on the daily time frame. Even if the candle closes around the current prices, the energy might not be enough for a continued upward move.
All in all, sideways trading in the area of $0.000013-$0.00001380 is the more likely scenario for the next days. <img data-entity-type="file" data-entity-uuid="4aed8a2e-1992-4096-8154-3219f4b622bd" src="https://u.today/sites/default/files/inline-images/shib3_109.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, the rate of SHIB remains below the support level of $0.00001266. If the drop to it continues, there is a chance of a breakout followed by a dump to the $0.000011-$0.000012 area.
SHIB is trading at $0.00001335 at press time.

SHIB Prediction for August 17

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