{"id":428182,"date":"2023-08-09T15:01:02","date_gmt":"2023-08-09T15:01:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=428182"},"modified":"2023-08-09T15:01:02","modified_gmt":"2023-08-09T15:01:02","slug":"shiba-inu-price-prediction-shib-falters-as-chimpzee-token-emerges-as-stronger-contender","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-prediction-shib-falters-as-chimpzee-token-emerges-as-stronger-contender","title":{"rendered":"Shiba Inu Price Prediction: SHIB Falters as Chimpzee Token Emerges As Stronger Contender"},"content":{"rendered":"

After facing substantial resistance at $0.00001008, Shiba Inu (SHIB) faced a decline. <\/span><\/p>\n

However, the bulls remain determined, pushing the price back upward.<\/span><\/p>\n

Over the past 24 hours, SHIB has experienced a significant surge of 10%, reaching a t<\/span>rading value of $0.00000992<\/span><\/a> as of 8:19 am EST. Additionally, its trading volume has increased by 94.7%.<\/span><\/p>\n

\"SHIBUSD.Source.
SHIBUSD.Source. Tradingview.com<\/figcaption><\/figure>\n

The daily chart analysis indicates a possible upward movement in SHIB’s price. The pair has effectively found support at $0.00000865, preventing further declines. <\/span><\/p>\n

SHIB has been in a continuous downtrend since February, marked by a falling wedge pattern featuring two lower lows and two lower highs.<\/span><\/p>\n

A significant breakthrough above the wedge indicates a potential shift from a bearish to a bullish trend. This development suggests a positive change in market sentiment and potential growth opportunities in the upcoming days. <\/span><\/p>\n

However, the SHIB\/USD pair encountered resistance at $0.00001008, causing a short price retracement. <\/span><\/p>\n

SHIB’s price has shown remarkable resilience but is struggling to surpass the 200-day simple moving average. The price currently trades above the 50-day moving average, supporting the price. The 200-day SMA holds significant importance as a support level, potentially empowering the bulls to push SHIB’s price back to its previous resistance at $0.000001589.<\/span><\/p>\n

Furthermore, the SHIB\/USD relative strength index (RSI) indicates a rebound, pointing upwards towards the 70-level mark, currently positioned at 65.<\/span><\/p>\n

Based on this analysis, if SHIB breaks above the 200-day SMA, we predict the price to surge to $0.00001586. Conversely, if the 200 SMA remains resilient, it can reach the support level at $0.00000782.<\/span><\/p>\n

For investors who may have missed the recent short-term SHIB rally, the Chimpzee presale project emerges as an enticing opportunity. <\/span><\/p>\n

This project has achieved a significant milestone in its presale funding phase, offering a low initial price that holds the potential for high returns in the future.<\/span><\/p>\n

Chimpanzee (CHMPZ) – Alternative to SHIB<\/span><\/h2>\n

Employing web3 technology, the initiative has achieved significant milestones, encompassing a marketplace, shop, NFTs, and play-to-earn (P2E) games. This amalgamation of web3 and crypto incentives has garnered substantial attention from gaming and cryptocurrency communities.<\/span><\/p>\n

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🌟🦍 Venture into the realm of #Chimpzee<\/a>, where our purpose is to preserve wildlife and protect the environment!🌳🌿<\/p>\n

💚🛡️We are committed to battling deforestation and safeguarding species! 🌳🦍<\/p>\n

🚀🌟Join the 9th Stage of the #Presale<\/a> today!🌍🔗
https:\/\/t.co\/Geog3EVuMC<\/a> pic.twitter.com\/qwSy02RQK7<\/a><\/p>\n

— Official Chimpzee Project (@RealChimpzee) August 5, 2023<\/a><\/p><\/blockquote>\n