Shiba Inu Price Prediction: SHIB Grinds To A Halt

Shiba Inu Price Prediction: SHIB Grinds To A Halt – Next Stop, The Moon?

Updated: 21 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Currently, Shiba Inu is priced at about $0.000008193. Investors and traders traded for around $148.86 million in the past day. The trading activity slowed down a bit by more than 8%, and SHIB’s Price dropped by about 2%.

Last week, SHIB’s Price decreased by about 20% but increased by around 6% in the last month. Traders and investors believe this drop could be an excellent chance to buy at a lower price and potentially make profits later.

Stay tuned to the SHIB market. This article will look at how SHIB might perform in the upcoming weeks.

Shiba Inu (SHIB) Statistics:

Today’s Price – $0.000008193
Market cap – $4.83 Billion
Circulating supply – 589.35T SHIB
Total supply – 589.35T SHIB
Coinmarketcap ranking – 15

Shiba Inu’s Route: Monitoring Resistance and Support Levels

Take a look at the daily chart for important information. SHIB’s Price could reach a level where it might stop going up quickly, at $0.00001080. The Price might increase if it reaches that point. However, should it stay below that level, it could drop close to $0.000008150, a zone that is supported.

Source: TradingView Daily Chart SHIB/USDT

Remember these essential levels when checking the chart: there could be resistance at $0.00001080 and $0.00001160, and the Price might find support near $0.000008150 and $0.000007630.

In the upcoming days, if the Price stays higher than the moving averages for 50 and 100 days, it could keep going up, possibly reaching $0.00001120 or even more.

SHIB’s RSI is around 55, suggesting the Price could increase in the next trading session. The moving averages and RSI signals indicate the SHIB price might rise. Watch out for the S1 support level at $0.000008150 and the RSI-14. The Price might decrease if the first support level breaks and the RSI-14 exceeds 50. Using stop-loss orders is an intelligent decision. It helps protect your investment from significant losses.

Promising Alternative to Shiba Inu (SHIB)

PIKA is in an exciting phase 3 presale. You can get the coin for only $0.0006; this is the final step of the journey that began in March 2023. While people are excited for PIKA to be on regular exchanges, remember that the crypto world can be surprising and potential profits can vary.

Memorable Journey with PIKA: Surfing the Meme Coin Wave in the Pikaverse

Lately, the crypto market hasn’t been doing too well. The Pikamoon Coin seems promising because meme coins are prevalent nowadays. The team is enthusiastic about it!

Pika is the currency in the Pikaverse. You can play games and buy cool stuff with PIKA. Currently, only 40% of the PIKA coins are out there.

https://twitter.com/PikaMoonAMA/status/1691416018889912320

When PIKA first began, it had a value of $0.0002. Afterward, it increased to $0.0004, now at $0.0006. The initial presale raised nearly $4 million, and they’re aiming for $6 million. On crypto platforms, the Price of PIKA might begin at $0.0007. You can buy it for a lower price if you find it cheaper. You might make 5 to 10 times more money with PIKA.