SHIB Price Analysis for January 11 - U.Today

Most of the coins have returned to the green area at the end of the week, according to CoinStats.

SHIB chart by CoinStats## SHIB/USD

SHIB is an exception, falling by 0.31% since yesterday.

Image by TradingViewOn the hourly chart, the rate of SHIB is looking bearish. The price is breaking the local support at $0.00000862. If a breakout happens, the drop is likely to continue to the $0.00000850 area.

Image by TradingViewOn the bigger time frame, the price of SHIB is far from the key levels. In this case, one should focus on the interim zone of $0.00000850.

If the daily bar closes below that range, the accumulated energy might be enough for a test of the $0.0000080 mark.

Image by TradingViewFrom the midterm point of view, bulls have failed to maintain the growth. If the situation does not change by the end of the day, there is a chance to witness a decline to the $0.00000750-$0.0000080 range by the end of the month.

SHIB is trading at $0.00000860 at press time.