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The correction has continued on the cryptocurrency market, according to <a href="https://u.today/ethereum-eth-price-analysis-for-december-15" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="2806c339-19ad-44d4-95d0-ad1b3c429b58" src="https://u.today/sites/default/files/inline-images/top10_832.png">SHIB 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 price of SHIB has fallen by 1.4% since yesterday. <img data-entity-type="file" data-entity-uuid="fe680eed-b96e-4e80-a640-402c7e653e24" src="https://u.today/sites/default/files/inline-images/shib1_53.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of SHIB is trading near the local support level of $0.00000973.&nbsp;
If buyers cannot seize the initiative by the end of the day, there is a high chance to see a breakout tomorrow. <img data-entity-type="file" data-entity-uuid="13fa09a7-7af3-4a33-a356-af19246d9e22" src="https://u.today/sites/default/files/inline-images/sshib2.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
A bearish picture can also be seen on the longer time frame. If the bar closes with no long wick, the fall is likely to continue to the $0.00000950 area shortly. <img data-entity-type="file" data-entity-uuid="0d455e6a-ae2f-45d6-aeb4-5a9cd72027ab" src="https://u.today/sites/default/files/inline-images/shib3_58.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the rate of SHIB needs time to get more power for a further move. In this case, consolidation in the area of $0.000009-$0.00001 is the more likely scenario until the end of the month.
SHIB is trading at $0.00000971 at press time.

SHIB Price Analysis for December 15

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