SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00005217, continues to move in line with the growth and left the descending channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of growth from the current levels. As part of the SHIB/USD rate forecast, one should not consider an attempt to develop a correction in the value of a digital asset and a test of the support area near the level of 0.00004705. From where again a rebound is expected and an attempt to continue the rise of the SHIBA INU cryptocurrency with a potential target above the level of 0.00007095.
SHIBA INU Forecast December 1, 2021
An additional signal in favor of raising the SHIB/USD quotes for tomorrow will be a rebound from the support line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel. Cancellation of the growth option for the SHIBA INU cryptocurrency will be a fall and a breakdown of the 0.00003005 area. This will indicate a breakdown of the support area and a continued fall in SHIB/USD quotes with a target below the level of 0.00002505. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 0.00006195.
SHIBA INU Forecast December 1, 2021 suggests an attempt to develop a small correction of the coin and a test of the support area near the level of 0.00004705. Then continued growth to the area above the level of 0.00007095. An additional signal in favor of a rise in SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the upside option will be a fall and a breakdown of the 0.00003005 area. This will indicate a continued decline in cryptocurrency with a target below 0.00002505.