SHIB Price Analysis for December 5
Analysis
Price Impact
MedThe immediate outlook suggests sideways trading. however, a close of the weekly bar near $0.000007 could lead to a significant price drop towards $0.0000060.
Trustworthiness
MedAnalysis is based on technical indicators and presented as an opinion, advising readers to conduct their own research.
Price Direction
NeutralImmediate outlook suggests sideways trading between $0.00000840-$0.00000880. however, if the weekly bar closes near $0.000007, a significant drop to $0.0000060 is possible, indicating a potential bearish turn for the midterm.
Time Effect
LongWhile immediate movement is sideways for the short term (tomorrow), the potential significant price drop is contingent on the weekly candle closing below $0.000007, which is a longer-term event.
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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 Bulls have failed to hold the initiative until the end of the day, according to CoinStats . Advertisement Top coins by CoinStats SHIB/USD The price of SHIB has dropped by 4.34% since yesterday. Image by TradingView On the hourly chart, the rate of SHIB might have set a local support of $0.00000831. If the daily candle closes far from that mark, one can expect a test of the $0.00000870 area by tomorrow. Image by TradingView On the longer time frame, the price of the meme coin is far from key levels. As none of the sides is dominating, ongoing sideways trading in the range of $0.00000840-$0.00000880 is the most likely scenario. Image by TradingView From the midterm point of view, the situation is similar. You Might Also Like Thu, 12/04/2025 - 15:39 Ethereum (ETH) Price Analysis for December 4 By Denys Serhiichuk However, if the weekly bar closes near $0.000007, the accumulated energy might be enough for a level breakout, followed by a test of the $0.0000060 area. SHIB is trading at $0.00000844 at press time. #Shiba Inu (SHIB) Price Prediction