SHIBA INU ends the trading week at 0.00004117 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 support area near the level of 0.00003855. From where a rebound is expected again and an attempt to grow the SHIBA INU cryptocurrency with a potential target above the level of 0.00008005.
SHIBA INU Weekly Forecast December 6 — 10, 2021
An additional signal in favor of raising the SHIB/USD quotes in the current trading week on December 6 — 10, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from an important support area, as we can see, there were also rebounds from this level. Cancellation of the growth option for the SHIBA INU cryptocurrency next trading week will be a fall and a breakdown of the 0.00002355 area. This will indicate a breakdown of the support area and a continued decline in SHIB/USD quotes with a target below the level of 0.00001505. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 0.00005505, which will indicate a breakdown of the upper border of the downward correction channel.
SHIBA INU Weekly Forecast December 6 — 10, 2021 implies an attempt to test the support area near the level of 0.00003855. Then continued growth to the area above the level of 0.00008005. 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 growth option will be a fall and a breakdown of the 0.00002355 area. This will indicate a continued decline in cryptocurrency with a target below 0.00001505.
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