Shiba Inu (SHIB) approaches resistance: a breakout could trigger a price increase of 65%

Key Points

Shiba Inu (SHIB) is trading within the resistance of $0.0000325.

The price of SHIB increased by almost 50% in November.

Will Shiba Inu register a similar increase in December?

The price of Shiba Inu has been gradually increasing since August 5. The upward movement accelerated in November after the price broke its descending resistance trend line.

On December 1, SHIB reached a high of $0.0000331, just 32% below its annual high.

Despite its impressive increase, Shiba Inu has not yet managed to break out of its main horizontal resistance area. Will it, and how much more could it increase if it does? Let's find out.

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