SHIB Price Prediction for December 19
12/19/2024 20:31
When can rate of SHIB get back to its local peaks?
Original U.Today article
When can rate of SHIB get back to its local peaks?
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The crypto market has turned red, according to CoinStats.
SHIB/USD
The rate of SHIB has dropped by 6.47% over the last day.
On the hourly chart, the price of SHIB is looking bullish as it is about to break the local resistance of $0.00002449. If it happens, there is a possibility to see a test of the $0.000025 range by tomorrow.
On the daily time frame, the picture is less positive. Even if today's bar closes bullish, the accumulated energy is not enough for a continued upward move.
Related
In this case, sideways trading in the zone of $0.000023-$0.000026 is the more likely scenario.
From the midterm point of view, one should pay attention to the candle's closure in terms of the previous bar's low. If it happens below $0.00002418, the correction may continue to the next support of $0.00002107.
SHIB is trading at $0.00002446 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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