SHIB Price Analysis for December 23
Analysis
Price Impact
MedShib has declined 2.72% over the last 24 hours and exhibits bearish signals across hourly, daily, and weekly charts, suggesting potential for further price depreciation.
Trustworthiness
MedThe analysis is based on technical chart patterns and support levels from a known crypto news outlet, providing a standard technical perspective.
Price Direction
BearishThe price has declined by 2.72% in 24 hours, with continued bearish indications on all timeframes. a breakout below $0.00000711 could lead to a drop to $0.0000070, with further downside potential to $0.00000678 or even $0.0000060 if support breaks.
Time Effect
ShortThe analysis discusses immediate price movements and potential declines 'soon' based on hourly and daily chart observations, indicating a short-term 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 The market is almost red today, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap SHIB/USD The rate of SHIB has declined by 2.72% over the last 24 hours. Image by TradingView On the hourly chart, the price of SHIB keeps looking bearish on the hourly chart. If a breakout of the $0.00000711 level happens, the decline is likely to continue to the $0.0000070 area soon. Image by TradingView On the longer time frame, there are also no reversal signals yet. If the daily bar closes near the $0.0000070 level, the accumulated energy might be enough for a more profound decline to the next support at $0.00000678. Image by TradingView A similar picture can be seen on the weekly chart. You Might Also Like Sun, 12/21/2025 - 17:17 Bitcoin (BTC) Price Analysis for December 21 By Denys Serhiichuk If bulls cannot seize the initiative, traders may expect a support breakout, followed by an ongoing drop to the $0.0000060 range. SHIB is trading at $0.00000712 at press time. #Shiba Inu (SHIB) Price Prediction