The post SHIB Price Analysis for December 29 appeared on BitcoinEthereumNews.com.

Cover image via www.tradingview.com 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. Bulls are facing problems in terms of further growth, according to CoinStats. SHIB chart by CoinStats SHIB/USD The price of SHIB has declined by 0.34% since yesterday. Image by TradingView 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. Image by TradingView 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. Image by TradingView 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. Source: https://u.today/shib-price-analysis-for-december-29

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Filed under: News - @ December 31, 2023 1:26 am