SHIB Price Prediction for December 5

As a seasoned crypto investor with battle scars from the 2017 bull run and the subsequent bear market, I must admit that the green trend in the market always brings a glimmer of hope. However, it’s crucial not to get carried away by short-term fluctuations.


As a crypto investor, I’m seeing that the overall market is maintaining a positive trend, or “green,” but it’s important to note that not every coin is following suit. According to CoinStats, there are some exceptions to this general rule.

SHIB/USD

The rate of SHIB has risen by 7.22% since yesterday.

On the hourly chart, the price of SHIB is coming back to the local resistance of $0.00003263.

Should it surge forward, there could be sufficient power to maintain a rise towards the region of $0.000033 – $0.000034.

On the day-to-day chart, an optimistic outlook can be observed. If the candle ends near the current levels or higher, it’s possible that we might reach the $0.000035 zone before the week concludes.

Looking at midterm perspectives, it’s crucial to focus on approximately $0.00003285. If bulls manage to maintain their momentum and the closing price hovers around this figure, we might observe a breakout which could lead to a jump towards the $0.000040 range.

SHIB is trading at $0.00003195 at press time.

Read More

2024-12-05 18:08