SHIB Price Prediction for December 19
2024-12-19
Category: None

The crypto market has turned red, according to CoinStats.CoinStats">
SHIBUSD
The rate of SHIB has dropped by 6.47% over the last day.TradingView">
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.TradingView">
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. 
In this case, sideways trading in the zone of $0.000023-$0.000026 is the more likely scenario.TradingView">
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.