Shiba Inu Price Analysis: 2 December – Bullish Momentum, But Outlook Uncertain

The Shiba Inu (SHIB) price surged over the past 24 hours, gaining almost 6% according to CoinStats data. The surge was fueled by a breakout of the local resistance level at $0.00000803, indicating strong buying activity. However, analysts suggest that bulls might not have enough momentum for further sustained growth on larger timeframes. Instead, sideways trading within the range of $0.0000080 to $0.0000085 is likely in the coming days. Weekly chart analysis shows a lack of dominant sentiment with low volume indicating limited volatility in the near future. As of press time, SHIB is trading at $0.00000839.