SHIB Price Prediction for December 17

As a seasoned crypto investor with a knack for spotting trends and a portfolio that has weathered more than a few market storms, I must say the recent green surge is music to my ears. Shiba Inu (SHIB) seems to be leading the charge, up by 2.51% since yesterday. While it’s still early days, if the hourly chart holds, we might just see SHIB breaking its local resistance and aiming for $0.00002780.

Most of the coins have returned to the green zone, according to CoinStats.

SHIB/USD

The price of SHIB has risen by 2.51% since yesterday.

Looking at the one-hour graph, it appears that the price of SHIB is on the verge of breaching its immediate resistance level, which stands around 0.00002736 USD. Should this occur, we could potentially witness an uptrend, possibly leading to a challenge of the 0.00002780 area in the near future.

For now on the daily chart, it seems that SHIB needs some additional time to gather strength before making another significant move. It’s most probable that we’ll see a period of consolidation around $0.00002650 to $0.000028 for the upcoming days.

Looking at the midpoint of the month, the coin’s rate hasn’t reached significant levels yet. Neither the buyers nor the sellers seem to be taking control, so it’s unlikely we’ll see dramatic increases or decreases before the end of this month.

SHIB is trading at $0.00002728 at press time.

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2024-12-17 16:34