Shiba Inu: Short-Term Forecast
Shiba Inu (SHIB) is making headlines again with compelling forecasts. Despite market turbulence, top trader Dexter expects the meme currency will soar from $0.00001389 to $0.00015, roughly a 1,000% gain.
The past 24 hours saw SHIB rise 1.27% and the last week over 7%. Even as the crypto market improves, it's not gaining traction.
Dexter expects SHIB will reach $0.00015 long-term.
TradingView analyst Krao predicts differently. Krao believes SHIB might reach $0.001 by early 2025 after a 7,300% rise.
The monthly chart's basic technical pattern supports his optimism. Since its October 2021 high of $0.000088, SHIB has fallen steadily. If this descending wedge pattern breaks, Krao expects SHIB to rise and soar.
Shiba Inu: Short-Term Forecast
CoinCodex's short-term SHIB estimate is more cautious than Krao's. According to their analysis, the price may drop 0.69% to $0.00001397 by October 13, 2024.
The Fear & Greed Index shows 32 anxiety, indicating neutral mood. This shows market worry that might effect SHIB near-term movements. However, other experts recommend buying SHIB now due to the prospect of future gains.
SHIB fell below $0.000012 this week before rebounding. Weekly and monthly token performance has been poor. Recent price volatility has been more negative than positive.
Retail investors are buying joke currencies like PEPE and Dogelon Mars, which are outperforming SHIB. Dexter stays positive despite these challenges.
He hopes SHIB will eliminate another zero and increase its worth in the next months. SHIB remains a popular digital currency with a market valuation around $7.78 billion.
