Shiba Inu Price Prediction: SHIB Set to Plunge 20% Before a More Promising Coin Rises

Updated: 14 August 2023

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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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Shiba Inu’s price went up a lot, by over 15% in the last week, and in the last month, it went up by about 30%, which is a lot. Because of this significant increase, investors and traders in Shiba Inu think the price could keep increasing even more.

SHIB’s price is around $0.00001054, with a 24-hour trading volume of 398.800 million. The 24 trading volume is down more than 9%.

Shiba Inu Stats:

Today’s Price – $0.00001054
Market cap – $6.230 Billion
Circulating supply – 589.35T SHIB
Total supply – 589.59T SHIB
CoinMarketCap ranking – 12

Shiba Inu Chart: Spotting Trends and Key Levels

Take a look at the 4-hour chart to find the important stuff. If Shiba Inu keeps going higher, it might go up to more than $0.00001340.

Shiba Inu’s price could reach a support level of $0.000009810; if that happens, it might go down a lot. However, even if it doesn’t drop below that, it could still have a chance to go up.

Spot Key Levels: If the price drops, focus on these levels – $0.00001150 and $0.00001340 could be tricky spots to rise from, and there’s support around $0.000009810 and $0.000008230.

If the price keeps rising in the next 15 and 30 days, it could go even higher, maybe up to $0.000001120 or more. The RSI, which shows how reasonable the price is, is relatively high at around 60. If the price stays strong and rises, the RSI might climb even more.

However, gains might vanish quickly if the price goes below those usual points and the RSI drops. Using stop-loss orders is a wise choice for safety and to prevent significant losses.

Alternative Shiba Inu (SHIB)

The Wall Street Memes token (WSM) is significantly impacting the crypto world and getting much attention. They collected an impressive $23.771 million by August 14 through a successful early pre-sale.

Wall Street will be challenged in 2021. The WSM token pre-sale is happening in 2023, changing the crypto world. Over a million people follow on social media, and there’s hope for a successful launch on major crypto sites.

It’s all about strengthening the community. People will get rewards and incentives from 30% of the tokens. Making things better for everyone is what it’s all about.

Crypto experts think WSM becoming available on a crypto exchange might help you earn a lot. If you’re good at investing, the early sale is a great chance to get in.

WSM is starting off strong, and it might bring big rewards. It reached over $23 million recently, partly because a prominent crypto investor joined. This gets the project closer to its $30 million goal.

More and more people are noticing, and things are moving quickly. The project’s goal looks like it’ll be met soon. The mystery investor could be a famous crypto person, as well.

You don’t want to miss the opportunity to get $50,000 worth of $WSM tokens. Join the WSM Discord and do some social media tasks. The pre-sale ends soon, so secure your spot before these tokens are available on the exchange.