The Shiba Inu trend$SHIB reflects a short-term bearish momentum, and its chart shows lower highs and lower lows. The Relative Strength Index (RSI) on the 1-hour chart is at 50.20, indicating market indecision and potential consolidation. $TROY $RARE However, the Moving Average Convergence Divergence (MACD) indicator is trading above the signal line, suggesting possible bullish momentum in the short term. Therefore, a breakout may occur if buying activity increases.

Analysts from the Changelly blog forecast that in November 2024, SHIB could trade at an average of $0.0000408. Price fluctuations are expected to range from $0.0000263 to $0.0000553 depending on market sentiment and broader trends in the cryptocurrency space.