SHIB Price Prediction for December 8
2024-12-08

Bulls are trying to hold the initiative on the last day of the week, according to CoinStats.CoinStats">
SHIBUSD
The rate of SHIB has increased by 3.31% over the last day.TradingView">
On the hourly chart, the rate of SHIB is in the middle of the local channel, between the support of $0.00003120 and the resistance of $0.00003343.
As most of the ATR has been passed, any sharp moves are unlikely to happen by the end of the day.TradingView">
On the bigger time frame, the price of the meme coin has once again bounced off the resistance of $0.00003316. If the candle closes far from that mark, there is a possibility of a correction to the $0.000031 area.TradingView">
From the midterm point of view, one should focus on the weekly bar closure in terms of the $0.00003316 level. If it happens below it, sellers may seize the initiative, which might lead to a decline to the $0.000030 range.
SHIB is trading at $0.00003225 at press time.