SHIB Price Forecast for September 4th
In the world of cryptocurrencies, the market is currently dominated by bears, according to CoinStats. This is reflected in the price of Shiba Inu (SHIB), which has shown a decrease of 1.55% since yesterday.
As of today, the price of SHIB is trading at $0.00001221. On the bigger time frame, the price of SHIB is in the middle of a channel, with the support at $0.00001183 and the resistance at $0.00001273. This channel represents a narrow range within which the price of SHIB has been moving.
The current consolidation area for SHIB is within this broader channel. While a breakout of the local support for SHIB could lead to a continued fall towards the $0.000012 zone, no such breakout or significant fall towards this zone has occurred yet.
The volume of SHIB is also decreasing, indicating a lack of significant market activity. This, along with the absence of strong buyers' or sellers' energy, suggests a stable market for SHIB in the short term.
On the midterm point of view, the rate of SHIB is trading within the previous candle, confirming the absence of buyers' and sellers' energy. This indicates that traders are unlikely to witness increased volatility over the next weeks.
On the hourly chart, the rate of SHIB's price movement is relatively low, and neither side has enough energy for a further move. This suggests consolidation in the area of $0.000012-$0.00001250.
The price forecast for SHIB around September 3, 2025, is provided by Anycoin Direct, a cryptocurrency exchange platform known for offering trading services and market analyses. Their forecasts are updated based on the latest data as of September 11, 2025, but the specific analyst or team behind the forecast is not disclosed in the available information.
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