SHIB Price Prediction: August 11 – Will It Dip Further?

The cryptocurrency market saw mixed results today, with some coins experiencing notable gains while others experienced declines. According to CoinStats, SHIB is among those exhibiting a slight downturn. The token’s price has dropped by 1.82% in the past 24 hours. Looking at the hourly chart, SHIB made a false breakout above its local support of $0.00001302, but most of the ATR (Average True Range) was already cleared, suggesting limited potential for sharp price changes tomorrow. 📈 📉 On a longer time frame, SHIB is facing downward pressure after yesterday’s bearish close. If closing near its low, a further decline may occur towards the $0.00001250 level. However, in the medium term, SHIB remains far from support and resistance levels, making it unlikely for traders to see increased volatility this week. ⏳ SHIB currently trades at $0.00001314 (at press time).