Shiba Inu Price Prediction for August 20th: A Bearish Outlook

According to CoinMarketCap, most cryptocurrencies have dipped back into the red zone by midweek. Shiba Inu (SHIB) is not immune to this trend, experiencing a 3.71% decline over the past day. On hourly charts, SHIB’s price is hovering near its local support level of $0.00001204. A bounce back is anticipated before the end of the day, but continued drops to the $0.0000190 range are possible if no reversal occurs.