Shiba Inu (SHIBUSDT) Between the Hammer and the Anvil – Analysis – 12-24-2024

The price of Shiba Inu (SHIBUSDT) settled at a decline during its recent trading at the moment levels, with continuous negative pressure due to its trading below its simple moving average for the previous 50-day period, but in front of that, the stock is moving along an upward corrective trend line in the short term, with the beginning of positive signals from the relative strength indicators, after reaching areas of severe saturation with selling operations.

Therefore, our expectations suggest that the price of the currency will rise during its upcoming trading, with an important condition, which is the stability of the support level of $0.00002017, to target the first resistance levels at $0.00002599.

The expected direction for the upcoming trading: It is likely to rise $SHIB