{"id":559394,"date":"2024-08-01T09:47:05","date_gmt":"2024-08-01T09:47:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=559394"},"modified":"2024-08-01T09:47:05","modified_gmt":"2024-08-01T09:47:05","slug":"shiba-inu-price-prediction-shib-tumbles-3-on-4th-birthday-as-traders-shift-to-this-shiba-inu-2-0-for-potential-100x-profits","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-prediction-shib-tumbles-3-on-4th-birthday-as-traders-shift-to-this-shiba-inu-2-0-for-potential-100x-profits","title":{"rendered":"Shiba Inu Price Prediction: SHIB Tumbles 3% On 4th Birthday As Traders Shift To This Shiba Inu 2.0 For Potential 100X Profits"},"content":{"rendered":"

The Shiba Inu price dropped 3% in the last 24 hours <\/span>to trade at $0.00001581<\/span><\/a> as of 03:18 a.m. EST on trading volume that surged 34% to $230 million.<\/span><\/p>\n

This comes despite Shiba Inu’s numerous critical indicators improving after recent price drops. According to <\/span>IntoTheBlock<\/span><\/a>, Shiba Inu’s 7-day volume of transactions of $100,000 or more has increased to $142.99 million.<\/span><\/p>\n

With the key measures signaling a market attitude change, and as Shiba Inu turns 4 years old today, could Shiba Inu be rebounding from the negative patterns?<\/span><\/p>\n

Shiba Inu Price Could Rebound<\/h2>\n

The Shiba Inu price soared from the $0.00001577 support level on July 8 to the $0.00001971 resistance level, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

However, the bulls failed to sustain the bullish stance as the price of Shiba Inu corrected below the resistance level, trading within a falling wedge pattern.<\/span><\/p>\n

The price retrace coincides with the token now dropping below both the 50-day and 200-day Simple Moving Averages (SMAs).<\/span><\/p>\n

The Relative Strength Index (RSI) also shows intense selling from investors, as it trades within the oversold region, currently at 30.<\/span><\/p>\n

\"Shiba
Shiba Inu Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

If the selling continues, the token could further retrace to the $0.00001496 support region. Moreover, the 50-day SMA crosses below the 200-day SMA, forming a death cross at $0.00001697, further encouraging the bears to sell more.<\/span><\/p>\n

However, with the RSI showing that the asset is currently oversold, buyers may start buying with the token being undervalued. In this scenario, the buying may push the price of Shiba Inu over the falling wedge pattern, as they target $0.00001917.<\/span><\/p>\n

Meanwhile, as the Shiba Inu price bulls search for more buying signals, other investors are buying a new SHIB alternative called <\/span>Shiba Shootout (SHIBASHOOT)<\/span><\/a>, which has already amassed over $859K in its presale.<\/span><\/p>\n

Shiba Shootout Presale Blasts Past $859K, Best Alternative To Buy Now?<\/h2>\n

Shiba Shootout takes its token holders on a journey into the crypto Wild West, offering strategic gameplay and the allure of a cowboy’s high-stakes showdown.<\/span><\/p>\n

\n

Master #Crypto<\/a> strategy with #Shiba<\/a> cowboys in thrilling duels for big rewards! 🌟 Join the adventure!<\/p>\n

Sign up now to get your free $SHIBASHOOT tokens!<\/p>\n

Jump in the fun! 🚀 https:\/\/t.co\/jCeu7XMBqR<\/a> pic.twitter.com\/YjlGaaluBT<\/a><\/p>\n

— shibashootout (@shibashootout) June 28, 2024<\/a><\/p><\/blockquote>\n