SHIB Price Prediction for January 5
2025-01-05
Category: None

Sellers are not giving up so easily on the last day of the week, according to CoinStats.CoinStats">
SHIBUSD
The rate of SHIB has fallen by 2.07% since yesterday.TradingView">
On the hourly chart, the price of SHIB has broken the local support level. If bulls cannot seize the initiative by the end of the day, the drop may lead to a test of the $0.00002360 zone soon.TradingView">
On the bigger time frame, one should pay attention to yesterday's bar low.
If the daily closure happens around that area, traders may witness an ongoing correction to the $0.000023 range.TradingView">
From the midterm point of view, the picture is more positive. If the weekly bar closes near the resistance of $0.00002408, the upward move may continue to the $0.000026 mark.
SHIB is trading at $0.00002385 at press time.