Shiba Inu Dropped -10.27% in Last Month and is Predicted to Reach $ 0.000036 By Nov 02, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Shiba Inu is up 4.22% today against the US Dollar
• SHIB/ETH increased by 3.85% today
• Shiba Inu is currently trading 50.37% below our prediction on Nov 02, 2024
• Shiba Inu dropped -10.27% in the last month and is up 122.52% since 1 year ago

SHIB price is expected to rise by 110.73% in the next 5 days according to our Shiba Inu price prediction

Shiba Inu price today is trading at $ 0.000018 after gaining 4.22% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.69% in the same time period. SHIB performed well against BTC today and recorded a 1.61% gain against the world’s largest cryptocurrency.

According to our Shiba Inu price prediction, SHIB is expected to reach a price of $ 0.000036 by Nov 02, 2024. This would represent a 110.73% price increase for SHIB in the next 5 days.

SHIB Price Prediction Chart

Buy/Sell Shiba Inu

What has been going on with Shiba Inu in the last 30 days

Shiba Inu has been displaying a negative trend recently, as the coin lost -10.27% in the last 30-days. The medium-term trend for Shiba Inu has been bullish, with SHIB increasing by 9.19% in the last 3 months. The long-term picture for Shiba Inu has been positive, as SHIB is currently displaying a 122.52% 1-year price change. On this day last year, SHIB was trading at $ 0.000008.

Shiba Inu reached its all-time high price on Oct 28, 2021, when the price of SHIB peaked at $ 0.000088. The current SHIB cycle high is $ 0.000045, while the cycle low is at $ 0.000006. SHIB has been displaying low volatility recently – the 1-month volatility of the coin is at 4.72. Shiba Inu recorded 12 green days in the last 30 days.

Shiba Inu technical analysis for today - Oct 28, 2024

The sentiment in the Shiba Inu markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.000017, $ 0.000017 and $ 0.000016, while $ 0.000017, $ 0.000018 and $ 0.000018 are the key resistance levels.

Neutral sentiment for Shiba Inu

20 indicators are currently signaling a bullish prediction for Shiba Inu, while 9 indicators are showing a bearish forecast. With 69% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Shiba Inu.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 69 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Shiba Inu moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Shiba Inu is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Shiba Inu is at 47.85, suggesting that SHIB is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Shiba Inu over the last 50 days. Currently, Shiba Inu is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the SHIB closing price for the last 200 days. SHIB is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Shiba Inu prediction

After considering the above factors, we can conclude that the current forecast for Shiba Inu price prediction is Neutral. SHIB would have to increase by 110.73% to hit our $ 0.000036 target within the next five days. Moving forward, it will be important to monitor the SHIB market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Shiba Inu price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.