# SHIB Price Analysis for December 30: Will SHIB Test $0.0000070 This Week?
🔥 Key Takeaways
- Current SHIB Price: Trading around $0.0000065, showing slight bullish momentum.
- Key Resistance: $0.0000070 is a critical psychological and technical level.
- Market Sentiment: Mixed, with slight optimism due to recent Bitcoin recovery.
- Possible Scenarios: Breakout above $0.0000070 or rejection leading to consolidation.
## SHIB Price Action Overview
As of December 30, SHIB is trading at approximately $0.0000065, up 2% in the last 24 hours. The meme coin has been consolidating near this level after a minor recovery from its recent dip. The key question for traders is whether SHIB can push toward $0.0000070 by the end of the week.
### Technical Indicators
– RSI (4H): Currently at 52, indicating neutral momentum with slight bullish bias.
– MACD: Showing a weak bullish crossover, suggesting potential upward movement.
– Support Levels: $0.0000060 (strong support), $0.0000058 (critical if bearish pressure returns).
– Resistance Levels: $0.0000068 (immediate hurdle), $0.0000070 (major psychological barrier).
## Can SHIB Reach $0.0000070?
For SHIB to test $0.0000070, it needs to break past $0.0000068 with strong volume. The recent uptick in Bitcoin’s price has provided some relief to altcoins, but SHIB’s movement remains largely speculative.
### Bullish Case
– If Bitcoin continues its upward trend, SHIB could see follow-through buying.
– A break above $0.0000068 could trigger short-term FOMO, pushing SHIB toward $0.0000070.
### Bearish Case
– If BTC faces rejection near $43,000, SHIB may struggle to hold gains.
– Low trading volume could lead to a retest of $0.0000060 support.
## Final Verdict
While a test of $0.0000070 is possible, traders should watch Bitcoin’s price action and SHIB’s volume closely. A decisive breakout with strong momentum could confirm the move, but weak volume may lead to another rejection.
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