SHIB Price Prediction: Will SHIB Rise by 109.31% in the Next 5 Days?

SHIB price is expected to rise by 109.31% in the next 5 days according to our Shiba Inu price prediction

SHIB is currently trading at $ 0.000018 after losing -3.05% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.10% in the same time period. SHIB performed poorly against BTC today and recorded a -0.49% loss against the world’s largest cryptocurrency.

According to our Shiba Inu price prediction, SHIB is expected to reach a price of $ 0.000038 by Nov 05, 2024. This would represent a 109.31% price increase for SHIB in the next 5 days.

Shiba Inu has been displaying a positive trend recently, as the coin gained 10.08% in the last 30-days. The medium-term trend for Shiba Inu has been bullish, with SHIB increasing by 19.34% in the last 3 months. The long-term picture for Shiba Inu has been positive, as SHIB is currently displaying a 127.57% 1-year price change. On this day last year, SHIB was trading at $ 0.000008.

Shiba Inu reached its all-time high price on Oct 28, 2021, when the price of SHIB peaked at $ 0.000088. The current SHIB cycle high is $ 0.000045, while the cycle low is at $ 0.000006. SHIB has been displaying low volatility recently – the 1-month volatility of the coin is at 3.87. Shiba Inu recorded 14 green days in the last 30 days.

The sentiment in the Shiba Inu markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.000018, $ 0.000018 and $ 0.000017, while $ 0.000019, $ 0.000020 and $ 0.000020 are the key resistance levels.

19 indicators are currently signaling a bullish prediction for Shiba Inu, while 10 indicators are showing a bearish forecast. With 66% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Shiba Inu.

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