Here’s Why Shiba Inu (SHIB) Price Will Fall in December

The SHIBA Inu is following a descending resistance level. The SHIB price completed a short-term correction and was rejected by a horizontal resistance level. 

Here’s Why Shiba Inu (SHIB) Price Will Fall in December

The SHIB price is fallen below a long-term descending resistance level since August 15. The red line rejection between October 29 and November 4 crashed below the $0.0000097 support area shortly reaching a low of $0.0000081 on Nov 22. 

The Shiba Inu price started an upward movement preceded by a bullish divergence in the daily RSI while this led to an upward movement. the SHIB price failed to break out from the $0.0000097 resistance zone. 

SHIB technical analysis from the daily time frame is bearish. A SHIB price reclaims of $0.0000097 would be required for the Shiba Inu price prediction to be bullish.

The live Shiba Inu price today is $0.000009 with a 24-hour trading volume of $89,797,564. Shiba Inu is up 0.85% in the last 24 hours. The current CoinMarketCap ranking is #14, with a live market cap of $5,037,209,588. It has a circulating supply of 549,063,278,876,302 SHIB coins

Shiba Inu Price statistics the SHIB price change in 24 hours is +$0.00000005137 of 0.51%, 24 hour low is $0.000009058 and 24 hour high is $0.000009246 with 0.60% Market dominance. 

SHIB's 7-day low is $0.000008989 and the 7-day high is $0.00001005 with 568697.25% Shiba Inu ROI. 

The short-term six-hour graph also gives a bearish SHIB price prediction. if the drop continues the closest area can be found using the 1.61 external retracement level on the recent increase. 

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