SHIB Price Analysis for December 29

SHIB Price Analysis for December 29

Bulls are facing problems in terms of further growth, according to CoinStats.


The price of SHIB has declined by 0.34% since yesterday.

Despite today’s fall, the rate of SHIB is looking bullish on the hourly chart. If the daily bar closes near the local resistance, one can expect a breakout, followed by a move to the $0.00001080-$0.00001090 area.

On the bigger time frame, it is too early to make any price predictions as neither buyers nor sellers have enough strength for a further move.

All in all, consolidation in the range of $0.000010-$0.000011 is the more likely scenario for the next few days.

From the midterm point of view, one should pay attention to the nearest level of $0.00001136. If the bar closes near it or even above, there is a chance to see a test of $0.000012.

SHIB is trading at $0.00001064 at press time.

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