Price Prediction for Shiba Inus as SHIB Bounces 2% - Is Now the Right Time to Buy?



SHIB gained 2.5% in 24 hours, hitting $0.00001852 on a day when the crypto market rose 0.5%.

Despite this boost, the meme token has lost 16.5% in a week and 28% in a fortnight, but it has gained 155% in a year.

Despite recent losses, its long-term momentum allows traders to purchase the dip as it rises again.

As one of the strongest big meme currencies fundamentally, Shiba Inu might see some substantial increases shortly.

After two weeks of tough treatment, SHIB is showing signs of life again, like many other currencies.

Today's advances imply its relative strength index (purple) has grown from about 20 on Monday to well over 50, indicating momentum.

SHIB's 30-day moving average (orange) plummeted to a new low relative to its 200-day (blue) yesterday, but it seems to be recovering.


SHIB's recent losses have bottomed out, therefore it could see some strong returns in the next days.

From less than $200 million at the start of the week to $500 million today, its 24-hour trading volume has increased.

This suggests purchasers are returning to SHIB, which has suffered more than other big tokens lately and is due a strong spell.

Since it has some of the greatest meme token fundamentals, it deserves a boost.

Because it has spent years constructing a useful ecosystem, from its ShibaSwap DEX to its Shibarium layer-two network.


It will unveil a privacy-enhancing layer-three network in the future months, and creator Shytoshi Kusama teased a celebrity-related product.

Shiba Inu's ecology is predicted to increase in the future.

It also suggests a growing Shiba Inu price, especially if the market improves.

SHIB may reach $0.000020 in weeks and $0.0001 before year's end.

#SHIB $SHIB