Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
SHIB Price Analysis for February 8

SHIB Price Analysis for February 8

CryptoNewsNetCryptoNewsNet2026/02/08 20:09
By:CryptoNewsNet
Back to the list

SHIB Price Analysis for February 8

SHIB Price Analysis for February 8 image 0  u.today 17 m
SHIB Price Analysis for February 8 image 1

Bulls are back in the game at the end of the week, according to CoinMarketCap.

SHIB Price Analysis for February 8 image 2

$SHIB/USD

The rate of $SHIB has risen by 2.22% since yesterday, while the price change over the last week has made up -6.70%.

SHIB Price Analysis for February 8 image 3

On the hourly chart, the price of $SHIB is on its way to the local resistance at $0.00000630. If its breakout happens, traders can expect a test of the $0.00000640 range tomorrow.

SHIB Price Analysis for February 8 image 4

On the longer time frame, one should pay attention to the nearest level at $0.00000642.

If the daily candle closes above it, the accumulated energy might be enough for an ongoing upward move to the $0.0000070 area. Such a scenario can be expected over the next few days.

SHIB Price Analysis for February 8 image 5

From the midterm point of view, the rate of $SHIB has made a false breakout of the previous bar's low at $0.00000616. If the candle closes far from that mark, one can witness a bounce off to the $0.0000070-$0.0000080 range.

$SHIB is trading at $0.00000627 at press time.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!