Shiba

Future

Cryptocurrency

Shiba Inu

Status

<p><strong><em>The Shiba Inu (SHIB) price has shown bullish signs, particularly with a significant bullish candlestick formed on January 11, which prevented a potential breakdown from a minor horizontal support area. This development, coupled with the recent approval of <a href="https://cryptoticker.io/en/interview-statement-sec-gary-gensler-approval-of-spot-bitcoin-exchange-traded-products-is-out/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin spot ETFs</a>, raises intriguing questions about the future trajectory of SHIB’s price and its potential correlation with broader market trends.</em></strong></p> <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/focus_select_blur_foreground_shiba_coin_shib_included_with_cryptocurrency_hand_picked_suit_bag_business_man_bank_employees_wearing_gray_suit_filed_put_give_me_11zon_e9a75eb655.jpg" alt="Shiba Inu Price Prediction 2025">
<h2 id="h-technical-analysis-a-bullish-trend"><span id="Technical_Analysis_A_Bullish_Trend">Technical Analysis: A Bullish Trend?</span></h2>
<p>From a technical standpoint, <a href="https://cryptoticker.io/en/shiba-inu-coin-whats-happening-in-the-crypto-world/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu’s</a> journey has been quite eventful. After a period of decline under a descending resistance trend line since August 2022, leading to a low of $0.0000054 in June 2023, SHIB’s price has seen an upward trend. The breakthrough above the descending resistance trend line in December 2023, after more than 480 days, was a key turning point. Although the price reached a high of $0.000011 post-breakout, it experienced a subsequent fall. However, last week’s validation of the trend line as support and the subsequent bounce are positive signs.</p>
<h2 id="h-market-indicators-and-shib-s-future"><span id="Market_Indicators_and_SHIB8217s_Future">Market Indicators and SHIB’s Future</span></h2>
<p>The Relative Strength Index (RSI), a crucial momentum indicator, is currently above 50, indicating a bullish trend. The SHIB price has been trading inside an ascending parallel channel since June 2022, reaching a high of $0.0000119 on December 17, 2023. Despite a recent dip below the channel’s midline and the RSI falling below 50, the bullish candlestick formed today suggests a potential upward movement.</p>
<h2 id="h-shib-s-current-market-status"><span id="SHIB8217s_Current_Market_Status">SHIB’s Current Market Status</span></h2>
<p>As of now, SHIB is trading at $0.00001011, with a 24-hour change of +4.23%. The 24-hour high and low are $0.00001018 and $0.00000911, respectively. The 24-hour trading volume in SHIB is 6,675,978,605,530.00, with a corresponding volume in USDT of 64,439,250.76. The RSI stands at 52.7, and SHIB has seen an uptrend of 7% today.</p> <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/image_404_1e3b513f7f.png" alt="Shiba Inu">
<h2 id="h-price-prediction-and-key-levels-for-shiba-inu"><span id="Price_Prediction_and_Key_Levels_for_Shiba_Inu">Price Prediction and Key Levels for Shiba Inu</span></h2>
<p>If <a href="https://cryptoticker.io/en/interview-statement-sec-gary-gensler-approval-of-spot-bitcoin-exchange-traded-products-is-out/" target="_blank" rel="noopener noreferrer nofollow">SHIB</a> maintains its position above the minor support level of $0.0000092, we could see a 27% increase to the channel’s resistance trend line at $0.0000123. However, a close below $0.0000092 could invalidate this bullish scenario, potentially leading to a 22% fall to the channel’s support trend line at $0.0000077.</p>
<h2 id="h-buy-cryptocurrency-with-bitget-with-the-cheapest-fees"><span id="Buy_Cryptocurrency_with_Bitget_with_the_CHEAPEST_Fees">Buy Cryptocurrency with Bitget with the CHEAPEST Fees</span></h2>
<p><a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>&nbsp;stands out as a reliable crypto exchange. It provides a user-friendly interface, making it easy for both beginners and experienced traders to navigate and make transactions at the lowest fees on the market. To get started with&nbsp;<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>, you need to create an account, complete the necessary KYC procedures, and then you can begin trading a variety of altcoins available on the platform.</p>

Shiba Inu (SHIB) Price Analysis and Market Update Today

Table of Contents

CryptoTicker ENG

Другие статьи, опубликованные 23 апр. 2024 г.

Crypto News Today, What's To Note?

Robert F. Kennedy Jr. Proposes US Budget on Blockchain for 2024 Election

Terra Luna Classic and EVM: Will the LUNC Price MOON ?

Tron Founder Justin Sun Buys $1B In ETH, A Price Recovery Ahead?

Millions in Crypto Assets Stuck in Bridge Contracts

Good News from Binance for Six Altcoins Including WIF!

Join our free newsletter for daily crypto updates!