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Dec 18, 2023

SHIB Faces Volatility: Can it Hit $1 Amidst a 15% Decline?

SHIB experiences a remarkable 20% spike, defying its speculative nature.

Weekend Surge

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Trading at $0.0000100, SHIB showcases a stark contrast from its 16% loss.

Current State

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Chart analysis suggests a pivot point at $0.00001008 with resistance levels at $0.00001048, $0.00001098, and $0.00001152.

Price Prediction

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Initial support at $0.00000950, followed by $0.00000896 and $0.00000834.

Support Levels

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RSI at 47 indicates a negative sentiment, while MACD hints at a potential downward momentum.

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Indicators

50-Day EMA at $0.0000100 suggests a short-term positive trend, supported by an upward trendline in the chart pattern.

Moving Averages

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Cautiously optimistic trend for SHIB above $0.0000100, with a short-term prediction anticipating a test of immediate resistance levels in the upcoming days.

Conclusion

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