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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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The market keeps falling after a slight bounce back, according to <a href="https://u.today/xrp-price-prediction-for-may-10" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="0c8bdd8d-d184-44b0-b42b-1e847739502c" src="https://u.today/sites/default/files/inline-images/top10_1109.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 3.66% since yesterday. <img data-entity-type="file" data-entity-uuid="60288a25-8034-4495-a5e4-25cc33fe2538" src="https://u.today/sites/default/files/inline-images/shib1_83.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly time frame, the rate of SHIB is more bearish than bullish as it is on the way back to the support level of $0.00002240. If the daily bar closes near that mark, the accumulated energy might be enough for a breakout followed by a move to $0.0000222. <img data-entity-type="file" data-entity-uuid="e8c056ed-05a4-4ba4-9c86-1df16f8b6381" src="https://u.today/sites/default/files/inline-images/shib2_79.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, one should focus on the bar closure in terms of the support level of $0.00002230.
If it happens near it, there is a high chance of a drop to the $0.00002150-$0.000022 area by the end of the week. <img data-entity-type="file" data-entity-uuid="d738c1f1-c908-4354-8073-be5338c517df" src="https://u.today/sites/default/files/inline-images/shib3_85.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar situation is on the weekly time frame. If the candle closes near the current prices, the breakout might be a prerequisite for a decline to the $0.000018 zone.
SHIB is trading at $0.00002259 at press time.

SHIB Price Prediction for May 11

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