SHIB Price Analysis for February 3
Analysis
Price Impact
LowThe analysis suggests potential for a slight short-term rise, but also highlights low trading volume and a lack of clear initiative from either bulls or bears, leading to a likely sideways trading range in the midterm.
Trustworthiness
MedThe analysis is based on technical indicators and specific price levels, offering a structured viewpoint. however, it's an opinion piece, and the market's current state is described as lacking strong conviction, making predictions less certain.
Price Direction
NeutralWhile there's an immediate possibility for shib to test $0.0000070 and potentially $0.00000720-$0.00000740 if local resistance is broken, the overall midterm outlook for the rest of the week points to sideways trading between $0.00000650 and $0.00000750 due to low volume and no clear directional initiative.
Time Effect
ShortThe analysis focuses on hourly charts, daily close expectations, and projections for 'the rest of the week,' indicating a short-term outlook.
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 Bulls are not yet able to seize the initiative, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap SHIB/USD The rate of SHIB has declined by 0.74% over the last 24 hours. Image by TradingView On the hourly chart, the price of SHIB is rising after setting local support at $0.00000677. If growth continues and the daily bar closes near the resistance, traders may expect an ongoing upward move to the $0.0000070 zone. Image by TradingView On the longer time frame, one should focus on the recently formed level at $0.00000691. If its breakout happens, the accumulated energy might be enough for further growth to the $0.00000720-$0.00000740 range. You Might Also Like Mon, 02/02/2026 - 15:38 Ethereum (ETH) Price Analysis for February 2 By Denys Serhiichuk This scenario is relevant for the rest of the week. Image by TradingView From the midterm point of view, the rate of SHIB is within yesterday's bar, which means none of the sides has seized the initiative to make a sharp move. This is confirmed by the low volume. In this case, sideways trading in the area of $0.00000650-$0.00000750 is the most likely scenario. SHIB is trading at $0.00000680 at press time. #Shiba Inu (SHIB) Price Prediction