SHIB Price Analysis for December 31
Analysis
Price Impact
MedThe price has declined over the last 24 hours, and sellers' pressure is evident on longer timeframes. while a short-term bounce is possible, a critical support break could lead to a more significant drop.
Trustworthiness
MedThe analysis is based on standard technical indicators and price levels from a reputable crypto news outlet, u.today. however, it is an opinion piece and not financial advice.
Price Direction
NeutralThe hourly chart shows potential for a short-term upward move if local support holds. however, longer and midterm views indicate significant bearish pressure, with a potential for a notable price drop if the critical $0.000007 mark breaks on a weekly close.
Time Effect
LongWhile hourly movements are discussed, the more significant warnings about potential corrections to lower support levels are tied to weekly candle closes, indicating a longer-term impact.
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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 end day of the week is rather bullish than bearish; 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 1.15% over the last 24 hours. Image by TradingView On the hourly chart, the price of SHIB has set a local support at $0.00000705. If buyers' pressure continues and the daily candle closes near the resistance or above that mark, the upward move is likely to continue to the $0.00000720 range. Image by TradingView On the longer time frame, the rate of SHIB remains under sellers' pressure. If a breakout of the $0.000007 mark occurs, the accumulated energy might be enough for a more profound drop to the $0.0000678 support. Image by TradingView From the midterm point of view, the situation is similar. The price of the meme coin is coming back to the support at $0.000007. You Might Also Like Tue, 12/30/2025 - 16:22 Ethereum (ETH) Price Analysis for December 30 By Denys Serhiichuk If the weekly bar closes below that mark, traders may expect an ongoing correction to the $0.00000650 zone. SHIB is trading at $0.00000709 at press time. #Shiba Inu (SHIB) Price Prediction