SHIB Bulls Eye $0.000018 as Weekly Close Nears

SHIB Price Prediction for February 15

The price of SHIB has risen by 0.45% over the last day, with the rate currently near the local support of $0.00001658. Bulls are trying to hold the gained initiative, according to CoinStats. If a breakout happens, the accumulated energy might be enough for a move to the $0.00001640 range by tomorrow.

On the bigger time frame, neither side is dominating. The volume keeps falling, which means sharp moves are unlikely to happen soon. Consolidation in the area of $0.000016-$0.000017 is the more likely scenario. From the midterm point of view, one should focus on the weekly bar closure in terms of the previous candle high. If it happens above the $0.000017 mark and with no long wick, traders may witness a test of the $0.000018 zone next week.

SHIB is trading at $0.00001663 at press time.