📈 Analysis and Prediction (SHIB and STX):

🤪 #SHIB/USDT - The weekly timeframe reveals a downward trend in the price of the popular meme coin since January 2023. Since April, it has stayed below a horizontal resistance area, with the culmination being the June minimum at $0.0000060. Despite subsequent price increases, SHIB has struggled to break through the resistance area, bouncing off it twice, forming long upper wicks each time—considered signs of selling pressure. This week, the coin experienced a sharp drop but formed a long lower wick and recovered in the last two days. Prediction: Both the weekly and daily charts indicate a neutral forecast, marked by ambiguous signals. The price action suggests that #shib has been trading within an ascending parallel channel since June 2023, typically containing corrective movements. Despite a recent bounce from the channel resistance trendline (red marker) on December 17, the token has been declining. Although the price dipped to a minimum of $0.0000082 on January 3, 2024, it rebounded, avoiding a breakthrough of the $0.0000096 support area. Despite this rebound, the daily RSI dropped below 50, indicating a bearish trend. The future trend of SHIB may depend on whether the coin rebounds from the $0.0000096 area or experiences a bearish breakthrough.

🚀 #STX/USDT - Prediction: On the daily chart, signs of weakness raise doubts about the continuation of the bullish trend. Firstly, #stx has been trading within an ascending parallel channel for 20 days, typically containing corrective movements, making a bearish breakout from the pattern more likely. Additionally, the daily RSI formed bearish divergence (green line). However, these signs are not a definitive verdict on an impending bearish breakthrough. Stacks has repeatedly attempted bullish breakouts, weakening the channel resistance line. Moreover, the trend line of bearish divergence is under threat of breaking. Therefore, if the price breaks the upper channel boundary, it could grow by another 35% and reach the next resistance at $2.40.

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