$SHIB Short Analysis for the 3rd Week of December
A popular meme coin, SHIB has secured a solid spot in token rankings. How’s it doing before Christmas?
Keep in mind, $BTC is dropping right now, which impacts most tokens. But SHIB follows its own unique path.
- Current Price: $0.00002183
- Short-Term Analysis: The price is dropping rapidly. High volatility observed.
- Mid-Term: The price is steadily declining and may continue to fall for a few more days. Keep an eye on it and consider buying if you’re interested.
- Long-Term: The upward trend that started in early November is now undergoing a correction, with signs of further price decline. Avoid selling during the drop—it’s not a good price to sell at.
- 24-Hour Price Change: Decreased by 14.5%.
The asset is heavily oversold. If this continues for a few more days, the price may stabilize and slightly increase. Of course, once BTC starts climbing, SHIB is likely to follow.
Always DYOR! 🚀
