SHIB Price Analysis for February 8
Analysis
Price Impact
MedThe analysis suggests potential upward movement for shib based on breaking local resistance levels and a false breakout on the midterm chart, but these moves are conditional on closing above specific price points.
Trustworthiness
MedThe analysis is based on technical chart patterns and price action on hourly, daily, and midterm timeframes, which can be subjective and depend on market momentum.
Price Direction
BullishIf shib breaks and closes above $0.00000630 and then $0.00000642, an upward move to the $0.0000070 area is expected. midterm analysis also suggests a bounce to $0.0000070-$0.0000080 if the candle closes far from $0.00000616.
Time Effect
ShortPotential movements are predicted for 'tomorrow,' 'next few days,' and from a 'midterm point of view,' indicating immediate to near-term effects.
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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 Bulls are back in the game at the end of the week, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap SHIB/USD The rate of SHIB has risen by 2.22% since yesterday, while the price change over the last week has made up -6.70%. Image by TradingView On the hourly chart, the price of SHIB is on its way to the local resistance at $0.00000630. If its breakout happens, traders can expect a test of the $0.00000640 range tomorrow. Image by TradingView On the longer time frame, one should pay attention to the nearest level at $0.00000642. You Might Also Like Thu, 02/05/2026 - 16:27 Binance Coin (BNB) Price Analysis for February 5 By Denys Serhiichuk If the daily candle closes above it, the accumulated energy might be enough for an ongoing upward move to the $0.0000070 area. Such a scenario can be expected over the next few days. Image by TradingView From the midterm point of view, the rate of SHIB has made a false breakout of the previous bar's low at $0.00000616. If the candle closes far from that mark, one can witness a bounce off to the $0.0000070-$0.0000080 range. SHIB is trading at $0.00000627 at press time. #Shiba Inu (SHIB) Price Prediction