Shiba Inu ($SHIB ) Price Could Soar by 90%
The price of Shiba Inu (SHIB) continues to rise despite concerns about an overheated market, increasing by 32.50% over the past seven days. As of writing, SHIB is trading around $0.000019. Analytical data shows that the one-day trading volume of the coin has reached a 10-week high, indicating increased investor interest, particularly from large investors who conducted 75 transactions worth over $100,000 in a single day. The rise in trading volume and increased social discussions suggest improved market sentiment.
Technical analysis reveals that SHIB has broken through an ascending triangle on the chart, signaling potential further growth. The Bull Bear Power (BBP) indicator shows strengthening bullish positions, while the Money Flow Index (MFI) confirms an optimistic forecast, predicting a possible 90% price increase to $0.000035 in the coming weeks. However, if the MFI declines, SHIB may face a bearish trend and drop to $0.000015.
What is your forecast for SHIB?
