$SHIB

The recovery hit a wall at the overhead resistance of $0.000030 on December 12, indicating that bears are selling on rallies.

The 20-day EMA ($0.000028) is flattening out, and the RSI is close to the midpoint, suggesting a balance between supply and demand. The SHIB/USDT pair may remain range-bound between the 50-day SMA ($0.000024) and the stiff overhead resistance of $0.000033.

Buyers will gain the upper hand if they push the price above $0.000033. The pair may rally to $0.000039 and then to $0.000046. The advantage will tilt in favor of the bears if they sink the pair below the 50-day SMA.