<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Bulls are trying to seize the initiative again, according to <a href="https://u.today/bitcoin-btc-price-analysis-for-november-28" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="3f742fea-fed5-4e11-9fdb-3ef9e64d2bb5" src="https://u.today/sites/default/files/inline-images/top10_803.png">SHIB&nbsp;chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
The rate of SHIB has followed the rise of other cryptocurrencies, going up by 1.27%. <img data-entity-type="file" data-entity-uuid="87bc723c-9af3-4bff-adc1-3bf23839db34" src="https://u.today/sites/default/files/inline-images/shib1_48.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of SHIB is in the middle of a narrow channel, between the support of $0.00000824 and the resistance of $0.00000839.
There are low chances to see any shape moves today, as most of the daily ATR has been passed. <img data-entity-type="file" data-entity-uuid="6d328b16-a151-4197-9e4f-37b2d1c52fb3" src="https://u.today/sites/default/files/inline-images/shib2_48.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
A similar picture can be seen on the daily chart. Today's move of SHIB has not affected its technical situation. In this case, ongoing sideways trading in the area of $0.0000080-$0.00000850 is the more likely scenario until the end of the week. <img data-entity-type="file" data-entity-uuid="8bf44a2b-f2c3-41a2-86b1-dd2535736970" src="https://u.today/sites/default/files/inline-images/shib3_53.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, it is too early to make any predictions as a few days remain until the bar's closure. However, if the candle closes around current prices, traders are likely to see consolidation in the range of $0.00000750-$0.0000080 until mid-December.
SHIB is trading at $0.00000829 at press time.

SHIB Price Analysis for November 29

Table of Contents

U_Today

Other articles published on Nov 29, 2023

24 Crypto Update, 28 Nov: Fed's Waller's Dovish Talk Boosts Crypto

Gold Price Could be On Its Way to $3000 Amid Sustained Rally

Cristiano Ronaldo Faces SEC Wrath in Lawsuit Over Binance Promotion

Bitcoin gets 'whale games' warning as BTC price eyes $40K into US data

Impending Boost for Crypto Market: Analyst Reaffirms High Hopes for Bitcoin ETF Approval

FARTCOIN TELEGRAM CHALLENGE: A GOLDEN OPPORTUNITY FOR CRYPTO ENTHUSIASTS!

Join our free newsletter for daily crypto updates!