As a seasoned researcher with years of experience navigating the cryptocurrency market, I find myself always intrigued by the unpredictable nature of digital assets like SHIB. Today’s bullish surge of 13.19% has certainly piqued my interest, but I remain cautiously optimistic given our rollercoaster history together.
The last day of the week is more bearish than bullish, according to CoinMarketCap.
SHIB/USD
SHIB has gained a lot of value today, rocketing by 13.19%.
Looking at the hourly chart, the trend for SHIB appears to be on an upward trajectory. Should the daily bar end close to the resistance level, it’s reasonable to expect further growth towards the $0.000032 area and potentially beyond.
Focusing on a larger time period, it’s crucial to consider where candles close in relation to the $0.00003046 level.
If an unexpected surge occurs and the market ends up significantly distant from this level, traders might observe a potential decline towards the $0.000028 price zone in the upcoming week.
Looking at the midpoint analysis, things appear much the same. But should there be a breach of the resistance level, the built-up energy could potentially propel the price towards the range of $0.000032 to $0.000034.
SHIB is trading at $0.00002957 at press time.
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2024-12-01 13:16