Shiba Inu SHIB's Stands Tall: Poised for 65% Leap Forward?

Shiba Inu SHIB’s Stands Tall: Poised for 65% Leap Forward?

Updated: 17 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.

Join Our Telegram channel to stay up to date on breaking news coverage

Shiba Inu’s current Price is about $0.000008878. On the last day, there were trades of around 441.19 million. Trading slowed down slightly, dropping more than 3%, and SHIB’s Price dropped by about 8%.

Last week, SHIB’s Price dropped around 10% but increased about 16% in the past month. Traders and investors think this dip is an ideal opportunity to get in at a lower price and make some money later.

Keep an eye on the SHIB market. This article will examine how SHIB might do in the next few days.

Shiba Inu (SHIB) Statistics:

SHIB’s Price – $0.000008878
SHIB Market cap – $5.23 Billion
SHIB Circulating supply – 589.35T SHIB
SHIB Total supply – 589.35T SHIB
SHIB Coinmarketcap ranking – 15

Shiba Inu’s Path: Watching Support and Resistance Levels

Check out the daily chart for the important stuff. SHIB’s Price might reach a resistance level at $0.00001095. If that happens, the Price could go up. But if it stays below that point, it might go down to a support zone at $0.000008230.

Keep these essential levels in mind when looking at the chart: there might be resistance at $0.00001095 and $0.00001180, and the Price might find support around $0.000008230 and $0.000007620.

In the next few days, if the Price stays above the 50 and 100-day moving averages, it could increase, maybe reaching $0.00001095 or even higher.

SHIB’s RSI is about 60, meaning the Price could increase in the next trading session. The moving averages and RSI signs show the SHIB price might go higher. Pay attention to the S1 support level of $0.000008230 and the RSI-14. The Price might decrease if the first support level breaks and the RSI-14 exceeds 50. Putting in stop-loss orders is a clever move. It helps keep your investments safe 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.

Join the PIKA Adventure: Riding the Meme Coin Wave in Pikaverse

The crypto market has been a bit down lately. Pikamoon Coin could be a great project since meme coins are now widespread. The team is excited about it!

In the Pikaverse, they use a currency called Pika, similar to Pokémon. You can play games and buy extraordinary things with PIKA. Right now, only 40% of PIKA coins are available.

When PIKA first started, it was worth $0.0002. Then it went up to $0.0004, and now at $0.0006. The early presale got about $3.9 million, and they want to reach $6 million. PIKA might start at $0.0007 on crypto websites. If you buy it when cheaper, you could make 5 to 10x more money with PIKA.