CandleFocus SHIB Price Prediction for December 19
2024-12-19
Author: Content Editor
The crypto market is experiencing a downturn, with SHIB's rate dropping by 6.47% in the last day. However, on the hourly chart, SHIB's price looks bullish as it approaches breaking local resistance and could potentially test the $0.000025 range tomorrow. On the daily timeframe, the outlook is less positive, with the accumulated energy not sufficient for continued upward movement, suggesting sideways trading in the $0.000023-$0.000026 zone. From a midterm perspective, the closure of the candle should be monitored, and if it falls below $0.00002418, a correction to the next support level of $0.00002107 may occur. Currently, SHIB is trading at $0.00002446.
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