The post SHIB Price Might Explode in December appeared on BitcoinEthereumNews.com.

Shiba Inu price prediction for December 2023 is bullish. A 10% to 15% up-move may be visible soon. In 2024, the meme coin king SHIB price may try to continue the recovery.  SHIB crypto price seem bottomed out and buyers are coming back to track to give life to this meme coin. Slow and steady, Shiba Inu price is recovering and showing signs of the bullish trend reversal.  The trading volume is also on rise which positively impacts the price. If the buying volume increases and price continues to trade in the narrow range. Then it might be an indication of the presence of whales who are silently accumulating SHIB. However, another scenario is volume increases and price also increases then also it showcases bullish momentum might be visible. The 50 day and 200 day EMAs are reversing upward. SHIB price managed to climb above both the EMA which has boosted the confidence of investors. Moreover, it also shows that the short term trend has reversed upward. Currently, Shiba Inu price is trading at $0.00000847 with a one day decrease of 0.59%. Shiba Inu Price Getting Ready for Massive Up Move Shiba Inu price prediction suggests a rise in the short run. The buyers are getting active and may show a massive up move any time.  In the mid of November, SHIB price attempted to break the $0.00000950 hurdle. Sadly, buyers did not succeed and they failed to hold the higher level. Later, price faced rejection and retraced back to the EMA. Surprisingly, buyers are present near the EMA and succeed to defend the support and bounce.  The analysis suggests, SHIB is preparing for another attempt to break the $0.00000965 resistance. Moreover, this time the possibility of breakout remains high so investors may go long and participate in the rally.…

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Filed under: News - @ December 3, 2023 8:12 pm