Shiba Inu (SHIB) is a popular cryptocurrency known as a “meme coin” that is widely used in the cryptocurrency community. Shiba Inu is among the cryptocurrencies with a large market cap, with a market cap of around $17.95 billion, with a daily trading volume of $2.90 billion.

Shiba Inu Technical Analysis:

According to the latest technical analysis, the price of Shiba Inu has seen a slight decline during recent trading, trying to gain positive momentum that may help it recover and rise again. It is noted that the price is trading above its 50-day simple moving average, indicating a continuation of the bullish trend in the short term. If the price manages to break the resistance level of $0.00002820, it is expected to target the next resistance level at $0.00003947.

Future Predictions:

Some analysts expect Shiba Inu to see an increase in its value in the coming years. For example, some forecasts suggest that the price of the coin could reach $0.0001 by 2025. However, investors should be careful, as the cryptocurrency market is known for its high volatility.

Note:

Please note that the information provided here is for informational purposes only, and does not constitute investment advice. It is always advisable to conduct your own research and consult a financial advisor before making any investment decisions$SHIB