bullish

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Most of the coins have continued their fall at the beginning of the new month, according to <a href="https://u.today/xrp-prediction-for-august-31" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="215c1e7f-6ea1-4f65-92b6-d64fac5a76e7" src="https://u.today/sites/default/files/inline-images/top10_1332.png">Top coins 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 gone down by 2.69% over the past day. <img data-entity-type="file" data-entity-uuid="44f2712f-cd32-4293-9d2e-af7381bd043e" src="https://u.today/sites/default/files/inline-images/shib1_110.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 has broken the support level of $0.00001355. While the price is below that mark, bears are more powerful than bulls. In this case, the drop may continue to the $0.00001330-$0.00001340 zone. <img data-entity-type="file" data-entity-uuid="af2c706c-724e-46d9-82aa-adc3a1361d51" src="https://u.today/sites/default/files/inline-images/shib2_107.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the price of the meme coin is far from its key levels.
However, if the daily candle closes near its low, there are chances of a test of the $0.0000130 area the upcoming week. <img data-entity-type="file" data-entity-uuid="9c78b41e-93f2-4e72-9670-9b8d8a0dada3" src="https://u.today/sites/default/files/inline-images/shib3_110.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
The weekly chart of SHIB is also bearish. If the situation does not change and a breakout of the $0.00001266 level happens, traders may witness an ongoing downward move to $0.000010.
SHIB is trading at $0.00001358 at press time.

SHIB Prediction for September 1

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