SHIB Price Prediction for December 17
12/17/2024 20:27
Has midterm rise of SHIB ended yet?
Original U.Today article
Has midterm rise of SHIB ended yet?
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.
Most of the coins have returned to the green zone, according to CoinStats.
SHIB/USD
The price of SHIB has risen by 2.51% since yesterday.
On the hourly chart, the rate of SHIB is about to break the local resistance of $0.00002736. If that happens, growth may lead to a test of the $0.00002780 area shortly.
On the daily time frame, the price of SHIB needs more time to accumulate energy for a further move. In this case, consolidation in the area of $0.00002650-$0.000028 is the more likely scenario for the next few days.
From the midterm point of view, the rate of the coin is far from important levels. Neither buyers nor sellers have seized the initiative yet, which means one should not expect sharp ups or downs before the end of the month.
SHIB is trading at $0.00002728 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].
Related articles
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox