SHIB Price Analysis for December 11

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SHIB Price Analysis for December 11
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Can SHIB rise faster than popular altcoins?

On the hourly chart, SHIB has found support atafter having tested it several times. If the situation does not change, the rise may lead to a test of the resistance level at $0.00000924.

On the daily time frame, SHIB has been trading in a narrow channel for a few days, which means that one should not expect any sharp moves shortly. A local rise is only possible if the price fixes above the $0.00000960 zone. From the midterm point of view, SHIB has made a false breakout of the resistance at $0.00000967. While the rate is below that mark, a decline is more likely than growth. However, if buyers can seize the initiative, the accumulated energy might be enough for a blast to the $0.000010 zone.

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