{"id":598120,"date":"2024-11-14T11:25:42","date_gmt":"2024-11-14T11:25:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=598120"},"modified":"2024-11-14T11:25:42","modified_gmt":"2024-11-14T11:25:42","slug":"shiba-inu-price-prediction-shib-surges-8-but-experts-say-consider-this-vote-to-earn-crypto-with-1091-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-prediction-shib-surges-8-but-experts-say-consider-this-vote-to-earn-crypto-with-1091-apy","title":{"rendered":"Shiba Inu Price Prediction: SHIB Surges 8%, But Experts Say Consider This Vote-To-Earn Crypto With 1,091% APY"},"content":{"rendered":"

The Shiba Inu price has surged 8% in the last 24 hours to trade at <\/a>$0.0000261<\/a> as of 3:30 a.m. EST on a 12% jump in trading volume to $5.9 billion.<\/span><\/p>\n

Shiba Inu Price May Encounter A Short Term Pullback<\/h2>\n

The SHIB\/USD daily chart currently presents a cautiously bullish outlook. The 50-day Moving Average (blue line) is positioned around $0.00001883, while the 200-day Moving Average (green line) is near $0.00001832. A “Golden Cross” has formed, as the 50-day MA crossed above the 200-day SMA, typically signaling potential upward momentum and a bullish trend shift that often attracts buying interest.<\/p>\n

A horizontal orange line at the $0.00001800 level highlights a support zone, which has served as a strong base for recent upward movements. The price recently surged after breaking out from this support and following the moving average crossover, reaching a high of $0.00002733 before slightly retracing to its current level of $0.00002572.<\/p>\n

This pullback Indicates some profit-taking, yet with the price staying above both moving averages, the outlook remains bullish.<\/p>\n

\"Shiba<\/p>\n

SHIBUSD Analysis Source: Dextools.io<\/p>\n

The MACD (Moving Average Convergence Divergence) further reinforces this trend, with the MACD line at 0.0000085 positioned above the signal line at 0.0000135, indicating a bullish crossover and suggesting upward momentum may continue.<\/p>\n

The RSI (Relative Strength Index) currently reads 70.53, approaching the overbought zone. While this high RSI level could signal a potential for a short-term pullback for the Shiba Inu price due to profit-taking, it could also reflect strong bullish sentiment if it stays elevated.<\/p>\n

If bullish momentum persists, the next resistance target is the recent high of $0.00002733, with the potential for further gains toward $0.00003000.<\/p>\n

However, caution is advised as the RSI approaches overbought levels, which may indicate a possible short-term correction. A drop below the $0.00001800 support level would challenge the bullish outlook.<\/p>\n

Flockerz Presale Surges Past $1.75 Million – Best Crypto To Buy Now?<\/h2>\n

As the Shiba Inu price maintains its bullish stance, so does Flockerz (FLOCK)<\/a>, a vote-to-earn (V2E) project that has just crashed past $1.75 million in its presale.<\/p>\n

Influential YouTuber ClayBro, who has over 131k subscribers, says FLOCK could be a 20x crypto.<\/p>\n