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Bulls are facing problems in terms of further growth, according to <a href="https://u.today/cardano-ada-price-analysis-for-december-28-0" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="09ef4d0e-0a7b-4db7-8106-b290d24b44c8" src="https://u.today/sites/default/files/inline-images/top10_858.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 declined by 0.34% since yesterday. <img data-entity-type="file" data-entity-uuid="caa1c3d0-7149-407f-8ddd-6d553563e1b7" src="https://u.today/sites/default/files/inline-images/shib1_56.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's fall, the rate of SHIB is looking bullish on the hourly chart. If the daily bar closes near the local resistance, one can expect a breakout, followed by a move to the $0.00001080-$0.00001090 area. <img data-entity-type="file" data-entity-uuid="4780088a-5973-43e7-93ea-7d9cf77d9c4c" src="https://u.today/sites/default/files/inline-images/shib3_60.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, it is too early to make any price predictions as neither buyers nor sellers have enough strength for a further move.&nbsp;
All in all, consolidation in the range of $0.000010-$0.000011 is the more likely scenario for the next few days. <img data-entity-type="file" data-entity-uuid="54279fc3-d024-4186-9f2f-311b6ec2d789" src="https://u.today/sites/default/files/inline-images/shib4_0.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should pay attention to the nearest level of $0.00001136. If the bar closes near it or even above, there is a chance to see a test of $0.000012.
SHIB is trading at $0.00001064 at press time.

SHIB Price Analysis for December 29

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