CandleFocus SHIB Price Prediction for December 1
2024-12-01
Author: Content Editor
According to CoinMarketCap, the cryptocurrency market is more bearish than bullish on the last day of the week. However, SHIB has seen significant gains, with a 13.19% increase in value. On the hourly chart, SHIB's rate appears bullish and if the daily bar closes near the resistance, further growth is expected towards the $0.000032 zone and higher. Traders should also monitor the candle closure near the $0.00003046 level on the larger time frame, as a false breakout could lead to a drop to the $0.000028 range next week. In the midterm, the situation is similar, but a breakout of the resistance could result in a move to the $0.000032-$0.000034 zone. At the time of writing, SHIB is trading at $0.00002957.
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