bullish

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The end of the week is bullish for the crypto market, according to <a href="https://u.today/xrp-prediction-for-september-7" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="05fc97fc-17bd-421d-a1f1-65cde2305fb3" src="https://u.today/sites/default/files/inline-images/top10_1346.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 gone up by 1.06% over the past 24 hours. <img data-entity-type="file" data-entity-uuid="7e7c9416-9620-4dd3-b43d-9b593275a021" src="https://u.today/sites/default/files/inline-images/shib1_112.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 trying to break the local resistance of $0.00001301. If buyers manage to do that, the upward move to $0.00001340 is likely to continue. <img data-entity-type="file" data-entity-uuid="9861d88f-682b-4b88-916c-63c0f884d997" src="https://u.today/sites/default/files/inline-images/shib2_109.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 going up after a bounce back from the support of $0.00001244. However, if buyers want to maintain the growth, they need to restore the rate to the area of $0.000014. <img data-entity-type="file" data-entity-uuid="9d16ad7d-1a51-4e76-b417-db7059bfff41" src="https://u.today/sites/default/files/inline-images/shib3_112.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 less positive. The rate of SHIB remains near the support of $0.00001266.
If a breakout happens, the decline may lead to a test of the $0.000011-$0.000012 range by the end of the month.
SHIB is trading at $0.000013 at press time.

SHIB Prediction for September 8

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