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The crypto market is mainly controlled by sellers today, according to <a href="https://u.today/doge-price-analysis-for-december-16" rel="noopener noreferrer nofollow">CoinStats</a>.<img src="https://u.today/sites/default/files/inline-images/top10_2439.png">
<h2 id="shib-usd">SHIB/USD</h2>
The price of SHIB has declined by 3.73% since yesterday.<img src="https://u.today/sites/default/files/inline-images/image_3533.png">
On the hourly chart, the rate of SHIB has made a false breakout of the local resistance of $0.00000799. If the daily bar closes far from that mark, one can expect a return to the support by tomorrow.<img src="https://u.today/sites/default/files/inline-images/image_3534.png">
On the longer time frame, the price of the meme coin is closer to the support than to the resistance level.
If bears' pressure continues and the bar closes near the $0.00000755 level, traders can expect a breakout, followed by a test of the $0.0000070 zone.<img src="https://u.today/sites/default/files/inline-images/image_3535.png">
From the midterm point of view, the picture is similar. If the weekly candle closes below the $0.00000755 level, the accumulated energy might be enough for a move to the next support of $0.00000678. This scenario is relevant for the rest of the month.
SHIB is trading at $0.00000790 at press time.<a href="https://u.today/shib-price-analysis-for-december-16" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

SHIB Price Analysis for December 16

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