Shiba Inu (SHIB) Price Prediction: Will SHIB Ever Go Up In Price?

With a jump of ~14% in the past 24 hours with a trading volume of $6.543 billion. The SHIB price has maintained its bullish sentiment.

The price of SHIB coin has undergone a remarkable 14% surge within the last 24 hours, with a trading volume of $6.543 billion. This memecoin has managed to maintain its bullish momentum, with an uptick of 58.39% over the past week, leading to a multi-level breakout.

As the bullish sentiment continues to amplify within the crypto space, will the price of Shiba Inu (SHIB) challenge the market capitalization of Cardano (ADA), which currently holds the 9th position with a valuation of $20.703 billion? Stay tuned to uncover the possibilities!

SHIB Price Attains 5-Month Peak!

With the recent price surge, the Shiba Inu meme coin has successfully reclaimed the $0.0000260 mark. Additionally, the 2nd largest memecoin by market cap has secured its place within the top 10 cryptocurrencies, indicating an increase in market dominance.

This memecoin project has recorded a 24-hour High/Low of $0.00002786 and $0.00002315, respectively. Moreover, the trading price of $0.00002583 corresponds to a market capitalization of $15.282 billion.

Within the daily time frame, the EMA 50/200-day has experienced a Golden Cross, suggesting an increase in buying pressure for SHIB coin in the crypto space.

The Moving Average Convergence Divergence (MACD) exhibits a continuous rise in the green histogram, with its averages also showing a constant increase. This suggests that this altcoin may continue to appreciate in value in the upcoming time.

Will SHIB Ever Go Up In Price?

Maintaining the bullish action could propel the price of SHIB coin toward its resistance level of $0.00003080. Moreover, if the bulls maintain their dominance, the Shiba Inu price could potentially trade at around $0.0000380 by the month-end.

On the contrary, a change in events or an increase in the profit booking could lead to the SHIB crypto resting at its low of $0.0000200 in the coming weeks.

Interested in the long-term possibilities of this memecoin? Check out our Shiba Inu (SHIB) Price Prediction!

FAQs

The price of Shiba Inu coin has undergone a 13.38% surge, making it one of the hot picks at the moment.

With a potential potential surge, this meme coin may achieve a high of $0.00003965 this year.

The Shiba Inu price is projected to potentially attain this mark in 2025.

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