SHIB Price Prediction for July 20

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As a seasoned crypto investor with several years of experience under my belt, I have learned to read the market trends closely and adapt quickly. Today, as I observe the cryptocurrency market on the first day of the weekend, I see that the bulls are in control, according to CoinStats.

On the weekender’s initial day, CoinStats reports that Bulls are dominating the market trends with their influence.

SHIB Price Prediction for July 20

SHIB/USD

The price of SHIB has gone up by 1.85% over the last day.

SHIB Price Prediction for July 20

On the hourly chart, the price of SHIB has been increasing since it briefly broke above the previous support of $0.00001753. If this trend persists, there’s a strong possibility that the resistance level at around $0.000021 will be challenged by tomorrow.

SHIB Price Prediction for July 20

As an analyst, I would assess the current situation on the daily chart for the meme coin by stating that neither bulls nor bears have gained clear control over the price action. The market value remains significantly distant from key resistance and support levels. Consequently, any substantial price swings are unlikely to materialize in the near term.

In summary, it’s more probable that the cryptocurrency will continue trading laterally between the prices of $0.00001750 and $0.00001850 in the near future.

SHIB Price Prediction for July 20

On a larger scale, the image remains consistent. Should market conditions remain unaltered through the week’s end, significant price fluctuations for traders are unlikely to occur.

SHIB is trading at $0.00001776 at press time.

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2024-07-20 21:21