SHIB Price Analysis for February 1
Analysis
Price Impact
MedShib is experiencing a bearish trend across multiple time frames (hourly, daily, weekly), with the price dropping and potentially breaking key support levels, which could lead to further significant declines.
Trustworthiness
MedThe analysis is provided by u.today, an established crypto news outlet, based on technical chart analysis from tradingview. however, it includes a standard disclaimer that opinions are their own and not financial advice.
Price Direction
BearishShib has dropped by 0.17% in 24 hours. hourly charts show a continued decline after a false breakout of $0.00000671. daily and weekly charts show no reversal signals, with potential drops to $0.00000600 in the next few days and possibly $0.00000543 if selling pressure continues.
Time Effect
ShortThe analysis indicates immediate bearish movement ('shortly') and potential further declines over 'the next few days' and based on 'weekly time frame' outlook, pointing to a near to mid-term negative outlook.
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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 end of the week is bearish for most of the coins, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap SHIB/USD The price of SHIB has dropped by 0.17% over the last 24 hours. Image by TradingView On the hourly chart, the rate of SHIB keeps going down after a false breakout of the local support at $0.00000671. If the daily bar closes below that mark, there is a chance to see a test of the $0.00000650 range shortly. Image by TradingView On the bigger time frame, there are also no reversal signals so far. In this case, one should pay attention to the nearest level of $0.00000678. You Might Also Like Fri, 01/30/2026 - 16:17 Bitcoin (BTC) Price Analysis for January 30 By Denys Serhiichuk If a breakout happens, traders may witness a further decline to the $0.00000600 zone over the next few days. Image by TradingView A similar picture is on the weekly time frame. If sellers' pressure continues, the accumulated energy might be enough for a dump to the next support level at $0.00000543. SHIB is trading at $0.00000671 at press time. #Shiba Inu (SHIB) Price Prediction