SHIB Price Prediction for December 1
12/01/2024 17:00
When can traders expect correction from SHIB?
Original U.Today article
When can traders expect correction from SHIB?
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The last day of the week is more bearish than bullish, according to CoinMarketCap.
SHIB/USD
SHIB has gained a lot of value today, rocketing by 13.19%.
On the hourly chart, the rate of SHIB keeps looking bullish. If the daily bar closes near the resistance, the growth is likely to continue to the $0.000032 zone and above.
On the bigger time frame, one should pay attention to the candle closure in terms of the $0.00003046 level.
Related
If a false breakout happens and the bar closes far from that mark, traders may witness a drop to the $0.000028 range next week.
From the midterm point of view, the picture is similar. However, if a breakout of the resistance happens, the accumulated energy might be enough for a move to the $0.000032-$0.000034 zone.
SHIB is trading at $0.00002957 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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