- **Changelly**: Forecasts an increase of 13.49% by June 2024, with a price target of $0.00002843.
- **CoinCodex**: Predicts SHIB could reach as high as $0.00004071 by April 2024, reflecting a 48.34% increase.
- **Finance Experts**: Some experts, like Alexander Kuptsikevich from FxPro, are optimistic, projecting SHIB could hit $0.0001 by the end of 2024. Conversely, a panel from Finder suggests a more conservative end-of-year price around $0.00001.
2. **Market Activity**:
- Shiba Inu has seen a surge in on-chain activity, with significant transaction volumes indicating heightened interest and potential bullish movement. Recently, over 17 trillion SHIB tokens were moved within a week, which is a substantial increase and could signal upcoming price volatility.
3. **Technical Indicators**:
- The 50-day and 200-day moving averages are trending upwards, supporting a bullish outlook. However, key resistance levels are at $0.000027 and $0.000023, which SHIB needs to break through to sustain its upward trajectory.
4. **Market Sentiment**:
- Shiba Inu's community remains highly active and supportive, which plays a crucial role in its market performance. The Relative Strength Index (RSI) and other momentum indicators suggest potential bullish reversals despite recent bearish trends.
5. **Overall Outlook**:
- While the predictions vary, with some experts and models suggesting significant gains and others advising caution, the general sentiment around Shiba Inu remains positive for 2024. The price is expected to fluctuate with market trends and investor sentiment playing critical roles in its performance.
In summary, Shiba Inu is anticipated to experience a positive year with potential price increases driven by strong community support, increased market activity, and favorable technical indicators. However, as with all cryptocurrencies, these predictions come with inherent volatility and risk.
