The post SHIB Price Prediction for May 12 appeared on BitcoinEthereumNews.com.

Ongoing growth remains the most likely scenario for the crypto market, according to CoinStats. SHIB chart by CoinStats SHIB/USD The price of SHIB has risen by 2.39% since yesterday. Image by TradingView Despite today’s rise, the rate of SHIB is on the way to the local support of $0.00001589. If the breakout of the mentioned level happens, the fall is likely to continue to the $0.00001550 range. Image by TradingView On the bigger time frame, the price of SHIB has made a false breakout of yesterday’s bar peak.  You Might Also Like If the daily closure happens with a long wick, bears may seize the initiative, which may lead to a test of the $0.000015 range soon. Image by TradingView From the midterm point of view, the rate of the meme coin has made a false breakout of the $0.00001734 level. At the moment, it is too early to make any far predictions as the week has just started. However, if the weekly candle closes far from the mentioned level, traders may witness a test of the $0.00001450-$0.00001550 area. SHIB is trading at $0.00001621 at press time. Source: https://u.today/shib-price-prediction-for-may-12

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Filed under: News - @ May 13, 2025 12:29 am