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SHIB Price Analysis for January 7

SHIB Price Analysis for January 7

CryptoNewsNetCryptoNewsNet2026/01/07 20:24
By:CryptoNewsNet
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SHIB Price Analysis for January 7

SHIB Price Analysis for January 7 image 0  u.today 27 m
SHIB Price Analysis for January 7 image 1

The middle of the week is bearish for most of the coins, according to CoinStats.

SHIB Price Analysis for January 7 image 2

SHIB/USD

The rate of SHIB has dropped by 5% since yesterday.

SHIB Price Analysis for January 7 image 3

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.

SHIB Price Analysis for January 7 image 4

On the bigger time frame, the rate of SHIB is going down after a failed attempt to fix above the $0.000010 zone.

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.

SHIB Price Analysis for January 7 image 5

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.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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