SHIB price surged 39% in November, trading at $0.00002541 with bullish momentum for December.
Analysts predict SHIB could rally 800% to $0.00022 if bullish trends persist into December.
RSI and DMI indicate strengthening trends, signaling potential SHIB price growth in December.
The Shiba Inu (SHIB) cryptocurrency has taken investors on a volatile journey this month, with alternating periods of growth versus decline. The meme token, known for its active community and ambitious ecosystem, has shown both resilience and fluctuation. Over the past 30 days, the SHIB token surged over 39%, marking a recovery. However, questions loom on whether this momentum can be sustained through December 2024.
SHIB Price Action
According to CoinMarketCap’s data, Shiba Inu experienced a surge in the past 24 hours, climbing nearly 4% and trading at $0.00002541. With a market cap of $14.97 billion, the cryptocurrency is at the 13th spot in the market and 24-hour trading volume of $1.05 billion.
Earlier in November, the token peaked at $0.000030453, reflecting optimism among holders. Despite this recovery, the altcoin remains 71.29% below its all-time…
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