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SHIB Price Prediction for December 26
As the year comes to a close, it’s essential to keep track of market trends and predictions. In this latest update from Denys Serhiichuk, we’re focusing on Shiba Inu (SHIB). According to his analysis, the hourly chart indicates that the price of SHIB is under bearish pressure.
In a recent statement, Denys mentioned that if the daily bar closes near $0.00002144, it’s possible that the price will test the $0.00002120 area by tomorrow. This forecast suggests a potential decline in value for SHIB investors.
On the bigger time frame, there are no reversal signals yet, and the rate continues to decrease after yesterday’s bearish closure. However, traders must be vigilant as this downward momentum could lead to a test of the $0.00002012 level soon.
From a midterm perspective, it is crucial to consider the weekly bar. Although it appears bearish at the moment, there are still a few days remaining before it closes. If nothing changes, this decline is likely to continue and potentially reach the $0.000018 range in the near future.
At press time, SHIB trades at $0.00002169.
The complete article can be found here: [Original Article Link]
Please note that all predictions are speculative and should not be taken as investment advice.
Source: u.today
