Price: $0.38577 1.2566%
Market Cap: 56.66B 1.7409%
Volume (24h): 8.03B 0.4%
Dominance: 1.7409%
Price: $0.38577 1.2566%
Market Cap: 56.66B 1.7409%
Volume (24h): 8.03B 0.4%
Dominance: 1.7409% 1.7409%
  • Price: $0.38577 1.2566%
  • Market Cap: 56.66B 1.7409%
  • Volume (24h): 8.03B 0.4%
  • Dominance: 1.7409% 1.7409%
  • Price: $0.38577 1.2566%
Home > Information news > Shiba Inu Price Prediction: How High Can Shiba Inu reach Short-Term?

Shiba Inu Price Prediction: How High Can Shiba Inu reach Short-Term?

Release: 2023/09/25 02:08 Reading: 235

Original author:CryptoTicker ENG

Original source:https://coinmarketcap.com/community/articles/651078f95150af471af91de9

The crypto market seems to be stuck in a rut, moving sideways and seeking a direction. Shiba Inu’s prices are no exception as they have consolidated around the support price of $0.0000070. With everyone asking, what’s next for SHIB? Will its prices touch the much-anticipated $0.000010 mark? Let’s analyze in this Shiba Inu price prediction.

What is Shiba Inu Coin?

Shiba Inu, often referred to as SHIB, emerged as a decentralized meme token that grew into a vibrant ecosystem. Touted as a potential “Dogecoin killer,” this ERC-20 only token can remain well under a penny and still outpace Dogecoin in a small amount of time.

What’s happening to Cyptos today

The entire crypto landscape seems to be taking a breather, consolidating between a market cap of $1 trillion and $1.2 trillion. Currently, at $1.05 trillion, the indications are that prices should soon rebound to the higher end of this range.

Shiba Inu Price Analysis: Why is SHIB Down?

SHIB prices touched $0.0000073 and have been demonstrating strong consolidation around this price. With a market cap of $4.3 billion, its 7-day performance shows a mild increase at +1.56%. However, the bearish sentiment is evident with a -2.28% performance in the past day. Notably, SHIB’s price movements have been significantly influenced by Bitcoin, which has also been consolidating since Q3 of 2023.

Shiba Inu Price Prediction: How High can Shiba Inu reach?

Observing the broader crypto market, there are subtle signs of an impending bull run. Should this materialize, SHIB prices could also experience a northward journey, possibly reaching between the $0.0000080- $0.000010 range.

Should you Buy Shiba Inu today?

Considering the potential uptick in prices, now might be an opportune moment to invest in SHIB, especially since it’s hovering around a strong support level. However, the unpredictable nature of the crypto market warrants caution. Hence, placing a stop loss trigger would be a prudent strategy.

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