Shiba Inu Price Analysis — December 17

After battling to stay above the critical 0.0000350 - $0.0000325 pivot zone for over a week, SHIB has finally buckled under the prevailing bearish pressure and now pushes for the monthly low at 0.0000300. Except the meme coin can pull a fast one and jump above the $0.0000350 pivot top in the near term, we should see a bearish continuation to the 0.0000300 and, subsequently, to the $0.0000275 October low. With the weekend at hand, SHIB, and the rest of the crypto market, will likely get significantly rocked by bears.

Meanwhile, my resistance levels are $0.0000325, $0.0000350, and $0.0000375, and my support levels are $0.0000300, $0.0000275, and $0.0000250.

Total Market Capitalization: $2.15 trillion

Shiba Inu Market Capitalization: $16.9 billion

Shiba Inu Dominance: 0.78%

Market Rank: #13