SHIB Price Prediction for December 5
2024-12-05

The crypto market remains green; however, there are some exceptions to the rule, according to CoinStats.CoinStats">
SHIBUSD
The rate of SHIB has risen by 7.22% since yesterday.TradingView">
On the hourly chart, the price of SHIB is coming back to the local resistance of $0.00003263.
If it breaks out, the energy might be enough for an ongoing upward move to the $0.000033-$0.000034 zone.TradingView">
A bullish picture can also be seen on the daily time frame. If the bar closes around the current prices or above, there is a possibility of seeing a test of the $0.000035 area by the end of the week.TradingView">
From the midterm point of view, one should pay attention to the $0.00003285 level. If bulls can hold the gained initiative and the bar closes around that mark, one may witness a breakout, followed by a move to the $0.000040 range.
SHIB is trading at $0.00003195 at press time.