SHIB Price Analysis for November 24
Analysis
Price Impact
MedShib is showing a minor decline on the hourly chart after hitting resistance. longer timeframes suggest a potential ongoing decline if key support levels are breached, indicating sustained bearish pressure rather than an immediate, drastic fall.
Trustworthiness
MedThe analysis is based on technical indicators from a recognized crypto news source (u.today). while providing insights, technical predictions inherently carry a degree of uncertainty due to market volatility and external factors.
Price Direction
BearishThe hourly chart shows a decline from a local resistance at $0.00000816. the daily chart indicates a potential drop to the $0.00000750 area if the bar closes with a long wick. midterm, a weekly close below the previous bar's low could lead to a test of the $0.00000678 support, with no clear reversal signals present.
Time Effect
ShortThe analysis points to potential declines 'by tomorrow' for the hourly chart, and 'soon' for both daily and weekly chart scenarios, indicating a near-term bearish outlook.
Original Article:
Article Content:
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 A new week has started with the fall of the market; however, there are some exceptions to the rule, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap SHIB/USD The rate of SHIB has declined by 0.16% over the past day. Image by TradingView On the hourly chart, the price of SHIB is going down after setting a local resistance at $0.00000816. If sellers' pressure continues, there is a chance to see a test of the support by tomorrow. Image by TradingView On the longer time frame, the rate of the meme coin is far from the support and resistance levels. You Might Also Like Sun, 11/23/2025 - 13:37 Ethereum (ETH) Price Analysis for November 23 By Denys Serhiichuk However, if the daily bar closes with a long wick, traders may expect an ongoing decline to the $0.00000750 area soon. Image by TradingView From the midterm point of view, there are no reversal signals yet. If the weekly candle closes below the previous bar's low, the drop may lead to a test of the support of $0.00000678 soon. SHIB is trading at $0.00000792 at press time. #Shiba Inu (SHIB) Price Prediction