$SHIB SHIB Analysis: December 2, 2024

Shiba Inu (SHIB) is showing a mixed sentiment today as trading volumes slightly rise. With the current market price **hovering near $0.00002905**, SHIB seems to be holding a critical support level. Technical indicators suggest **cautious optimism** as the Relative Strength Index (RSI) moves closer to neutral, hinting at consolidation.

A break above **$0.00002950** could signal a short-term bullish trend, targeting **$0.00003200** as the next resistance. Conversely, if it falls below **$0.00002850**, SHIB could retest the **$0.00002780** support.

### Recommendation

- **Buy Price:** $0.00002850

- **Target Price:** $0.00003200

- **Sell Price:** $0.00003300

In the short term, SHIB may appeal to risk-tolerant traders aiming to capitalize on potential rebounds. However, broader market conditions remain pivotal.