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The Shiba Inu price surged 11% in the last 24 hours to trade at $0.00002511 as of 3.25 a.m. EST on trading volume that skyrocketed 246% to $6.31 billion.
The second-largest meme coin by market cap has now soared 49% in the past seven days, largely thanks to the post-election crypto rally that has taken Bitcoin to a new all-time high beyond $81k.
The meme coin initially surged to the price of $0.000028 on Nov. 10, but this was a major barrier that rejected its price. The project made two more attempts to breach the resistance, with both being unsuccessful.
However, a support at $0.000025 prevented its price decline, keeping it in close proximity to the resistance, which provides it with a possibility of more attempts, and even a potential success.
Shiba Inu Price Prediction
At the time of writing, the SHIB price sits just above the support at $0.000025, although it is difficult to tell where it will go from here.
Its technical indicators suggest that another attempt to breach the resistance could be possible, but it would also be very easy for the bears to take over and push its price further down, breaking the support and sending the token to a lower level.
Its Bollinger bands have started showing signs of narrowing, which is a bearish signal. However, its price was pushing the lower band down until recently, when it separated from it and returned to the middle area between the two lines. In other words, while the bands are showing potential negative signs, the price itself has been behaving positively in the last few hours.
On the other hand, the project’s Relative Strength Index (RSI) value dropped from the value of 63.97 to $36.89, mirroring the price decline, only for it to start growing again toward the neutral position at the value of 50.
This suggests that the buyers are moving in to buy the dip, meaning that there is a good chance that the price will see another pump in the hours to come.
Promising Alternative To Shiba Inu
As the Shiba Inu price soars, new meme coin project Crypto All-Stars (STARS) is heading toward $3.5 million in funds raised in its presale.
The project has created a new type of staking smart contract called MemeVault that allows holders to stake multiple cryptos at the same time and in the same place.
Holders can stake 11 leading meme coins from the outset: DOGE, SHIB, PEPECOIN, FLOKI, TURBO, BRETT, LADYS, COQ, BONK, MOG, and TOSHI. More major meme coins are to be added after launch.
STARS tokens themselves can also be staked and offer a staggering 479% annual reward.
Crypto YouTuber ClayBro, who has over 130k subscribers, says STARS has the potential to bring 67x returns after its launch.
STARS token are selling for only $0.0015556 apiece and can be bought with DOGE, ETH, USDT, BNB, FLOKI, PEPE, SHIB, or your credit/debit card.
If you plan to join investors who have already pumped more than $3.3 million into the project, buy before a price hike in about 18 hours.
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