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SHIB Price Analysis for December 11

Sun, 12/11/2022 - 21:00
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Denys Serhiichuk
How long is accumulation phase of SHIB going to last?
SHIB Price Analysis for December 11
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Most of the coins are trading sideways on the last day of the week.

Top 10 coins by CoinMarketCap


The rate of SHIB has fallen by 0.16% over the past 24 hours.

SHIB/USD chart by Trading View

On the hourly chart, SHIB has found support at $0.00000919 after 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.

SHIB/USD chart by Trading View

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.

SHIB/USD chart by Trading View

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.

SHIB is trading at $0.00000921 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at