![]() Relative strength index: Steady growth in the daily RSI slope reflects increasing positivity for the Shiba Inu price and a higher chance to breach $0. Price Action: At the time of writing, SHIB was trading at 0.000007958 down 0.62 in. If the coin price manages to sustain above the breached resistance, the potential rally will push the prices 20% to hit $0.000014.Ĭonversely, a breakdown below the support trendline will offset the bullish theory. Shiba Inu Price Prediction: Can Dogecoin 'Killer' Reach 0.01 And Overtake Apple, Bitcoin In Market Value. A daily candle closing above $0.000017 will intensify the bullish thesis and offer interested buyers an entry opportunity. Under the influence of the pattern, the SHIB price should eventually break the overhead resistance in the coming weeks. In theory, the price action formation lower high using the support trendline indicates gradual growth in underlying bullish momentum.Īlso Read: Top 5 NFT Game Development Companies In 2023 Here’s The List Thus, the coin price is more likely to revert from the $0.000017 resistance and retest back to the rising support trendline. The daily chart showcasing long-wick rejection at the aforementioned resistance indicates the seller continues to defend this level. For now, eyes are fixated on Shiba Inu's ability to defend the support at 0.00000830, a move likely to pave the way for a 50 northbound rally. The dog-themed meme coin remains range bound, along with the wider crypto markets. The Shiba Inu price currently trades at $0.0000115 and is witnessing high supply pressure from the $0.000017 resistance. Shiba Inu price is yet to escape the tight bearish grip amid the ongoing FTX drama. ![]() The intraday trading volume of the Shiba Inu coin is $128.4 Million, showing a 14% gain. ![]() A bullish breakout from $0.000017 will release the trapped bullish momentum within the narrow range.So the minimum trade price has been placed at 0.000056 and a yearly price close above 0.00006 in 2029. Securities and Exchange Commission (SEC) filed a secret, sealed motion in its case against Binance. While SHIB is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. The area between the support trendline and $0.000017 resistance can be considered a no-trading zone for Shiba Inu The bitcoin and crypto market is on alert after the U.S.Relative strength index (RSI) – despite lower high formation in price action, the RSI slope moving higher indicates growth in underlying bullish momentum pressure, which increases the possibility of resistance trendline breakout. In case the sellers find a breakthrough near $0.000010, the Asian memecoin can slide down to the $0.00000875 mark. It has a circulating supply of 589,346.91B. Shiba Inu to USD price is updated in real-time. At the time of writing, the forecasted SHIB price one year from now is 0.0000354, which would represent an increase of about 174 compared to the current price. The live price of Shiba Inu is 0.000008 per (SHIB / USD) today with a current market cap of 4.71B USD. Opposingly, if the buyers remain passive, a downtrend will retest the bullish strength at the psychological level of $0.000010. The prediction is currently expecting the Shiba Inu price to decline throughout 2023, before starting to recovery in early 2024 and eventually starting a big rally. If the buyers manage to regain the momentum overnight or over the next 24 hours, the trendline breakout will extend the bullish momentum to reach $0.000012, followed by $0.000013 Nonetheless, the 4.69% jump yesterday keeps the overall look bullish despite the price being stagnant near the resistance trendline. At press time, the SHIBA coin price is exchanging hands at $0.00001093 with a minimal change in the last 24 hours. Adding to this, the buyers regained control as the prices reached the psychological mark of $0.000010.Īlso Read: Top 6 Liquid Staking Platforms On EthereumĬurrently, the price trend shows a struggle among traders evident by the consolidation with increased volatility above $0.000010. Elsewhere, an unknown SHIB whale - a colloquial term for a large holder of. However, the bearish outlook seems to bottom out with the overall recovery in the crypto market as Bitcoin shows sustenance over $28,000. 2 days ago &0183 &32 For specific price predictions, Finbold consulted the Google Bard AI tool, which outlined possible price scenarios for SHIB in 2024, 2028, 2032, and 2050. Crypto Prices CoinDesk Market Index CoinDesk Market Index. Spooked buyers failed to handle the momentum in February resulting in a correction rally that gained momentum over the month and resulted in a resistance trendline. The Japanese dog-themed meme coin, SHIBA, peaked at $0.00001471 limiting January’s growth of 2023 to 82%. The intraday trading volume of the Shiba Inu coin is $301.2 Million, indicating a 3.5% gain.A bullish breakout from overhead resistance will signal an early sign for trend reversal.The current consolidation in Shiba Inu pride reflects uncertainty among traders.
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