Shiba

Flow

Burn

Shiba Inu

Coin

<img width="1200" height="675" src="https://coingape.com/wp-content/uploads/2024/02/shiba-inu-SHIB.jpg.optimal-e1708019280683.jpg" class="attachment-full size-full wp-post-image" alt="Shiba Inu Coin" decoding="async" style="float:right; margin:0 0 10px 10px;">
Shiba Inu Coin, the popular meme cryptocurrency, has recently emerged as a highlight in the cryptocurrency market, displaying a promising uptrend. Within the past two weeks, it has shown an impressive gain of over 13%, advancing from a price point of $0.0000088 to $0.0000099. This surge suggests a strong bullish sentiment among investors. 
Currently, the <a href="https://coingape.com/price/shiba-inu/">price of Shiba Inu Coin </a>stands at $0.000009953. This marks a 3% increase over the last 24 hours. Such a rise is concurrent with an uptick in token-burning activities. Analysts speculate this could pave the way for further upward movements. 
<h2 id="strong-shiba-inu-coin-price-prediction-market-activity-indicates-positive-trends-strong">Shiba Inu Coin Price Prediction: Market Activity Indicates Positive Trends</h2> 
The coin’s trajectory has been upward since overcoming a diagonal resistance line 10 days ago. With a market capitalization of roughly $5.81 billion, Shiba Inu ranks as the 17th largest cryptocurrency, according to <a rel="nofollow" href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>. The trading volume over 24 hours has experienced a remarkable 71% boost, totaling $244 million. This heightened activity signals a keen interest from the trading community. 
<figure id="attachment_180645" aria-describedby="caption-attachment-180645" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/Shiba-Inu-Coin--e1708019597640.png"><img decoding="async" class="size-large wp-image-180645" src="https://coingape.com/wp-content/uploads/2024/02/Shiba-Inu-Coin--1224x643.png" alt="Shiba Inu Coin" width="1224" height="643"></a>
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 Shiba Inu Coin
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December 2023 saw Shiba Inu reach its peak for the year, surpassing the $0.000010 level. However, the price adjusted back to around $0.0000085 following this high. This movement illustrates the ongoing tussle between bearish and bullish market forces, each vying for dominance. 
<h2 id="strong-analysts-foresee-continued-growth-strong">Analysts Foresee Continued Growth</h2> 
A crypto analyst known as SHIB KNIGHT has recently shared insights suggesting that Shiba Inu is on the verge of breaking its downward trend on the weekly charts. The $0.00000953 mark has been pinpointed as a critical support level, with the market’s outlook appearing optimistic as SHIB gears up for its next upward movement. 
<a rel="nofollow" href="https://twitter.com/army_shiba/status/1757802650148524147">https://twitter.com/army_shiba/status/1757802650148524147</a>&nbsp; 
SHIB KNIGHT has set its sights on four key price milestones as part of SHIB’s resurgence. The initial goal is pegged at $0.00001011, followed by successive targets of $0.00001193 and $0.00001309, with a peak potential reaching $0.00001492.&nbsp; 
Conversely, the analyst has also laid out three crucial support levels to monitor: $0.00000953, $0.00000896, and $0.00000880, underscoring areas of potential resilience against market downturns. 
Currently, SHIB faces a significant hurdle at the $0.00001 resistance level. Overcoming this barrier could establish SHIB’s bullish trajectory, potentially elevating it to a resistance trend line around $0.000015. In a more optimistic scenario, mounting bullish pressure could propel <a href="https://coingape.com/markets/shiba-inu-price-prediction-as-shib-burn-rate-spikes-will-shib-hit-1-soon/">SHIB</a> towards the $0.0001 mark. However, dropping below $0.00000950 would negate this bullish forecast, potentially sending SHIB down to a support level of $0.00000800. 
<figure id="attachment_180644" aria-describedby="caption-attachment-180644" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-15_20-41-00.png"><img decoding="async" class="size-full wp-image-180644" src="https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-15_20-41-00.png" alt="Shiba Inu Coin " width="1154" height="751" srcset="https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-15_20-41-00.png 1154w, https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-15_20-41-00-300x195.png 300w, https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-15_20-41-00-768x500.png 768w, https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-15_20-41-00-150x98.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-180644" class="wp-caption-text">
 Shiba Inu Coin Price Chart: <a rel="nofollow" href="https://www.tradingview.com/x/XL6UZcGi/">Tradingview</a>
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The 24-hour technical indicators indicate a bullish momentum. The Relative Strength Index (RSI), which currently hovers at a moderately neutral 63, suggests a lean towards an overbought condition, hinting at a bullish momentum. The Chaikin Money Flow index, at 0.15, and positive trends in the 20 Exponential Moving Average (EMA) and the 50-EMA further reinforce the bullish outlook for SHIB. 
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The post <a href="https://coingape.com/markets/shiba-inu-coin-forecast-shib-blasts-past-0-0000099-will-bulls-reach-0-0001/">Shiba Inu Coin Forecast: SHIB Blasts Past $0.0000099; Will Bulls Reach $0.0001?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Shiba Inu Coin Forecast: SHIB Blasts Past $0.0000099; Will Bulls Reach $0.0001?

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