SHIB Price Prediction for January 17
Analysis
Price Impact
MedThe price of shib has increased by 6.82% in the last 24 hours. the hourly chart shows potential for a move to $0.000025 if the daily bar closes near the resistance level of $0.00002463. a break above this resistance could lead to a test of the $0.000025-$0.000026 range.
Trustworthiness
MedThe analysis is based on technical indicators and chart patterns. while the short-term outlook is bullish, the long-term prediction is uncertain.
Price Direction
BullishShort-term price movement is bullish based on current chart patterns and recent price action. however, longer-term predictions are more uncertain.
Time Effect
ShortThe analysis focuses primarily on short-term price movements within the next few days. longer-term predictions are considered too early to make at this point.
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Article Content:
Price Analysis Fri, 17/01/2025 - 14:43 A A A Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The prices of the majority of the coins keep growing, according to CoinStats . Advertisement SHIB chart by CoinStats SHIB/USD The rate of SHIB has gone up by 6.82% since yesterday. Image by TradingView On the hourly chart, one should focus on the daily bar closure in terms of the local resistance of $0.00002463. If it happens around that mark, the accumulated energy might be enough for a move to the $0.000025 area. Image by TradingView On the bigger time frame, the rate of SHIB has once again tested the resistance of $0.00002464. Related Thu, 01/16/2025 - 14:46 Bitcoin (BTC) Price Prediction for January 16 Denys Serhiichuk If the bar closes not far from that mark or even above, one may witness a level breakout, followed by a test of the $0.000025-$0.000026 range soon. Image by TradingView From the midterm point of view, it is too early to make any distant predictions. However, if the weekly candle closes around the current prices, there is a chance to see an ongoing upward move. SHIB is trading at $0.00002420 at press time. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. #Shiba Inu (SHIB) Price Prediction