SHIB Price Analysis for December 10
Analysis
Price Impact
MedShib has seen a slight decline of 0.87% in the last 24 hours. a false breakout of local support at $0.00000848 suggests a potential short-term correction to $0.00000840. midterm, a specific weekly candle close could lead to a test of the $0.000007 range.
Trustworthiness
MedThe analysis is based on technical chart patterns (support/resistance levels, candle closes) across multiple timeframes. however, future price movements are presented with conditional scenarios.
Price Direction
BearishImmediate hourly analysis points to a potential correction if the daily bar closes near the $0.00000848 support. while within a wider daily channel, the midterm outlook suggests a possible test of the $0.000007 support if the weekly bar forms a long wick, indicating downward pressure.
Time Effect
ShortThe most immediate price targets and movements are derived from hourly and daily chart analysis, indicating short-term potential corrections. the midterm outlook is conditional and speculative.
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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 The middle of the week is mainly controlled by bulls, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap SHIB/USD The price of SHIB has fallen by 0.87% over the last 24 hours. Image by TradingView On the hourly chart, the rate of SHIB has made a false breakout of the local support of $0.00000848. However, if a bounce back does not happen and the daily bar closes near that mark, one can expect an ongoing correction to the $0.00000840 range. Image by TradingView On the longer time frame, the price of SHIB is in the middle of the wide channel, between the support of $0.00000755 and the resistance of $0.00000937. You Might Also Like Tue, 12/09/2025 - 16:11 Bitcoin (BTC) Price Analysis for December 9 By Denys Serhiichuk As none of the sides is dominating, there are low chances of seeing sharp moves this week. Image by TradingView From the midterm point of view, the picture is similar. However, if the weekly bar closes with a long wick, traders may witness a test of the $0.000007 range soon. SHIB is trading at $0.00000848 at press time. #Shiba Inu (SHIB) Price Prediction