SHIB Price Prediction for December 26

12/26/2024 21:50
SHIB Price Prediction for December 26

When can trader expect reversal from SHIB?

Original U.Today article

When can trader expect reversal from SHIB?

SHIB Price Prediction for December 26

Cover image via U.Today

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Sellers might have seized the initiative, according to CoinStats.

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SHIB chart by CoinStats

SHIB/USD

The rate of SHIB has fallen by 5.89% since yesterday.

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Image by TradingView

On the hourly chart, the price of SHIB is under bears' pressure. If the daily bar closes near $0.00002144, one can expect a test of the $0.00002120 area by tomorrow.

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Image by TradingView

On the bigger time frame, there are no reversal signals yet. The rate is going down after yesterday's bearish closure. 

Related

Bitcoin (BTC) Price Prediction for December 25

If bulls cannot seize the initiative soon, traders may witness a test of the $0.00002012 level soon.

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Image by TradingView

From the midterm point of view, the weekly bar is bearish at the moment; however, a few days remain until it closes. If nothing changes, the decline is likely to continue to the $0.000018 range.

SHIB is trading at $0.00002169 at press time.

About the author

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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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