SHIB Price Analysis for January 7
Analysis
Price Impact
MedShib has experienced a 5% drop and failed to establish support above key levels, indicating potential for further decline in the short term.
Trustworthiness
MedAnalysis is based on technical indicators and chart patterns, which are reliable for short-term price movements, but broader market sentiment is also noted.
Price Direction
BearishShib failed to sustain a rally above $0.000010 and is now testing local support. a daily close near its low could lead to a decline towards the $0.0000080-$0.00000850 range.
Time Effect
ShortThe analysis focuses on immediate price action, support tests, and predictions for the end of the week.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The middle of the week is bearish for most of the coins, according to CoinStats . Advertisement SHIB chart by CoinStats SHIB/USD The rate of SHIB has dropped by 5% since yesterday. Image by TradingView On the hourly chart, the price of SHIB is on the way to the local support at $0.00000883. If a breakout happens, the decline may lead to a test of the $0.00000850 mark. Image by TradingView On the bigger time frame, the rate of SHIB is going down after a failed attempt to fix above the $0.000010 zone. You Might Also Like Mon, 01/05/2026 - 16:29 SHIB Price Analysis for January 5 By Denys Serhiichuk If the daily bar closes near its low, traders might witness an ongoing decline to the $0.0000080-$0.00000850 range by the end of the week. Image by TradingView From the midterm point of view, the price of the meme coin is far from the main levels. The volume remains low, which means there are low chances to see sharp moves soon. SHIB is trading at $0.00000882 at press time. #Shiba Inu (SHIB) Price Prediction