{"id":428509,"date":"2023-08-10T18:34:34","date_gmt":"2023-08-10T18:34:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=428509"},"modified":"2023-08-10T18:34:34","modified_gmt":"2023-08-10T18:34:34","slug":"shiba-inu-price-prediction-shibs-meteoric-rise-a-meme-from-the-financial-district-beckons","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-prediction-shibs-meteoric-rise-a-meme-from-the-financial-district-beckons","title":{"rendered":"Shiba Inu Price Prediction: SHIB’s Meteoric Rise; A Meme from the Financial District Beckons"},"content":{"rendered":"

The value of Shiba Inu (SHIB) has surged significantly today, offering meme coin investors a reason to celebrate.<\/span><\/p>\n

This upward momentum is not solely due to prevailing positive sentiment in cryptocurrency. It’s also propelled by a fundamental factor contributing to its increased value.<\/span><\/p>\n

An example is <\/span>Shibarium<\/span><\/a>, an innovative layer-2 scaling solution that distinguishes itself with unique attributes. This solution is important in driving the increase in SHIB’s value.<\/span><\/p>\n

Shiba Inu Garners Strength in Crypto Market Today<\/h2>\n

According to data from <\/span>CoinGecko<\/span>, SHIB’s trading price stood at $0.000009755 as of 04:48 am EST. <\/span>Although there has been a slight 0.37% dip in the past 24 hours, SHIB has shown an upward trajectory of 19.27% over the past seven days.<\/span><\/p>\n

In a recent incident on <\/span>Wednesday<\/span><\/a>, August 9, SHIB recorded a significant 5.75% upswing, reaching $0.00001005. <\/span>This upward motion aligns with a trend of recovery that commenced two days earlier. The price has rebounded by nearly 15% from its recent low point of $0.0000947.<\/span><\/p>\n

Shiba Inu Grapples with Bears Around $0.00001 Mark<\/h2>\n

\"Shiba<\/p>\n

The bulls have again shown strength in the SHIB market today, creating a new green candle on the daily price chart. This action has impacted certain indicators, now projecting continuous bullish moves for its price.<\/span><\/p>\n

Notably, SHIB’s price remains above the 50-day Moving Average, mirroring the activeness of buyers on the market. <\/span>The MACD line above the signal line further reinforces the bulls’ pressure on the market, bringing the RSI more into the buy zone at 65.84.<\/span><\/p>\n

However, this bullish potential may be farfetched considering the resistance level around the $0.00001 mark. <\/span>This position is backed by the 200-day MA, creating a solid opposing force to SHIB’s upward momentum.<\/span><\/p>\n

As a result, SHIB may face some difficulties getting past this level, dipping further to the position around the 50-day MA. <\/span>However, any notable surge above this price point now could lead SHIB to new highs in the coming days.<\/span><\/p>\n

SHIB’s resistance from the 200-day MA and at $0.00001 could hinder it from rising further. As such, there’s a higher tendency for a sell than a buy.<\/span><\/p>\n

However, traders and investors must remain cautious, as prices may take wild turns away from the predicted trajectory.<\/span><\/p>\n

Wall Street Memes Present Safer Investment Option for Early Participants<\/h2>\n

Wall Street Memes<\/span> has taken the crypto world by storm through its groundbreaking WSM token sale, amassing an impressive $22.8 million in funding thus far.<\/span><\/p>\n

This revolutionary endeavor has undeniably captured the attention of both seasoned and novice investors alike, resulting in the rapid acquisition of $WSM tokens at an astonishing rate of over $100,000 daily.<\/span><\/p>\n