SHIBA INU ends the trading week at 0.00003809 and continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from sellers of the coin and a potential continuation of the fall. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance area near the level of 0.00004255. From where a rebound is expected again and an attempt to drop the SHIBA INU cryptocurrency with a potential target below the level of 0.00002000.
SHIBA INU Forecast November 29 — December 3, 2021
An additional signal in favor of reducing SHIB/USD quotes in the current trading week November 29 — December 3, 2021 will be a test of the resistance 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 option of falling SHIBA INU cryptocurrency next trading week will be a strong growth and a breakdown of the 0.00005255 area. This will indicate a breakdown of the resistance area and continued growth of SHIB/USD quotes with a target above the level of 0.00006505. Confirmation of the fall of the cryptocurrency will be the breakdown of the support area and the closing of quotations below the level of 0.00003505.
SHIBA INU Forecast November 29 — December 3, 2021 implies an attempt to test the resistance area near the level of 0.00004255. Then the continuation of the fall to the area below the level of 0.00002000. An additional signal in favor of reducing SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 0.00005255 area. This will indicate a continued rise in the cryptocurrency with a target above the level of 0.00006505.
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