Here's the latest analysis for Shiba Inu (#shiba⚡ ) on Binance:
**Price Movement**:
- The price of #shiba⚡ has seen a **0.8% increase** in the last 24 hours, with the live price at **$0.000025** per SHIB/USD.
- There has been a **2.3% decrease** over the last 7 days.
- The 24-hour trading volume is reported to be around **$475.50M USD**.
**Technical Analysis**:
- On the four-hour time frame, #shiba⚡ is trending **bearish** with the 50-day moving average sloping down.
- The 200-day moving average is sloping up since May 28, 2024, indicating a strong trend.
- The Relative Strength Index (RSI) is within the **30-70 neutral zone**, suggesting that the price is currently stable.
**Market Sentiment**:
- The market sentiment towards #shiba⚡ is cautiously optimistic, with a slight increase in price and a neutral RSI indicating potential stability in the short term.
**Forecast**:
- Based on technical analysis, #shiba⚡ is projected to have a potential increase of **5%**, reaching around **$0.00003579** in the near future.