#shibarmy

Shiba Inu Price Prediction for January: This Is What Will Determine Future Trend.

The SHIB price has decreased below a descending resistance line since Aug. 14. The line caused several rejections in late October – early November before falling sharply (red circle). The drop caused a breakdown below the $0.0000098 support area and its validation as resistance on Dec. 5 (red icon).

The SHIB coin price has decreased since and validated the $0.0000080 area as support on Dec. 19.

Despite the validation and ensuing bounce, no bullish reversal signs exist. The daily RSI is moving upward but it is still below 50 and has not generated any bullish divergence yet.

Due to the lack of decisive signs in either direction, the Shiba Inu price prediction for January still needs to be determined. Whether the SHIB price breaks out from the descending resistance line or breaks down from the $0.0000080 area could determine if the future price trend is bullish or bearish.