Shiba Inu (SHIB) Price Prediction for December 18
Today, let's discuss the Shiba Inu (SHIB) price prediction for December 18, 2024! 🐶
SHIB is currently experiencing price consolidation, but interestingly, the large trading volume for SHIB has jumped 238.58% in the last 24 hours according to IntoTheBlock 📈. However, there is selling pressure emerging and a bearish price pattern is forming near the resistance level ⚠️.
From the technical analysis, SHIB shows a bearish inverted cup and handle pattern on the daily chart and could soon experience a decline 📉. If SHIB falls below the $0.0000258 level, there is a high possibility that the price could drop by 20% to the $0.0000206 level in the next few days 🚨.
Although SHIB has not seen any significant price movement for over a month, there are currently indications of downward momentum and increasing selling pressure 🔽. However, there is a glimmer of hope as SHIB's RSI is currently at 55, indicating that there is still room for further upside in the future 🌟.
Currently, SHIB is trading around $0.000026 and has decreased by 2.65% in the last 24 hours 💔. Trading volume has also dropped by 17%, indicating lower trader participation amidst this bearish outlook 😕.
So, keep an eye on SHIB's movements and prepare your strategy! 🧐