SHIB Price Prediction for January 5

Sellers are not giving up so easily on the last day of the week, according to CoinStats.

SHIB/USD

The rate of SHIB has fallen by 2.07% since yesterday.

Looking at the hourly graph, the value of SHIB has shattered its nearby resistance point. If buyers don’t take control before the close of trading today, there could be a rapid descent towards the $0.00002360 area in the near future.

On the bigger time frame, one should pay attention to yesterday’s bar low.

If regular closures occur in that region, traders might observe a continuous adjustment within the $0.000023 price range.

Looking at the mid-term perspective, things seem to be looking up. If the weekly chart manages to close in proximity to the resistance level of approximately $0.00002408, it could signal a continued upward trend potentially reaching $0.000026.

SHIB is trading at $0.00002385 at press time.

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2025-01-05 13:20