{"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 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>\nShiba Inu Price Could Rebound<\/h2>\n