news 
Title: Shiba Inu (SHIB) on the Brink of a Bullish Comeback: Potential Outcomes
In a recent analysis, experts have warned that the price of Shiba Inu (SHIB) is at risk of dropping as low as $0.00002456, as indicated by the Bollinger Bands indicator. Despite this potentially ominous forecast, some analysts believe that if SHIB finds its local bottom at this level, it may still be able to save its bullish bias.
It’s worth noting that a drop of 4.4% would be significant, but the potential for a higher low could mean that any subsequent losses could be seen as a buying opportunity rather than a sell-off.
So far in December, SHIB has not had an easy ride, and the market may have been subject to increased uncertainty, which is likely driving this volatility. However, if we do see another low similar to what happened last month, it would need to be supported by strong volume and momentum before any further declines are possible.
In conclusion, while the forecast suggests a bearish scenario in the short term, it’s crucial for investors to stay vigilant and monitor the market closely.
Source: u.today
