Shiba Inu Price Prediction: Can SHIB Price Surge 80% To A New ATH?
The post Shiba Inu Price Prediction: Can SHIB Price Surge 80% To A New ATH? appeared on BitcoinEthereumNews.com.
As a major player in the meme coin sector, Shiba Inu (SHIB) has attracted considerable attention for its price resilience and high community engagement. In 2024, SHIB has outperformed expectations with a 79.26% year-to-date increase and a notable 132.64% gain over the past year, despite still trading 78.97% below its all-time high (ATH) of $0.00008845 set in October 2021. What should you expect for the SHIB price prediction in 2024? 1- Shiba Inu Price Performance Overview Currently trading at $0.00001855, SHIB maintains a market capitalization of $10.94 billion with a robust 24-hour trading volume of $727.58 million. Over the past day, SHIB has seen a modest 1.56% increase, indicative of steady market interest. These statistics underscore SHIB’s traction among investors who seek high-potential digital assets, reflecting its growing appeal in the broader cryptocurrency market. The year-to-date performance showcases SHIB’s resilience, with a 79.26% rise since the start of the year. Over the past year, SHIB has surged by 132.64%, solidifying its position among the top meme coins despite remaining significantly below its ATH. This performance reflects both strong community backing and strategic ecosystem advancements that have drawn new investors to SHIB’s ecosystem. By TradingView – SHIB Price Performance Overview 2- SHIB Price Analysis: Buy Indicators Signal Potential Upside SHIB Technical indicators reflect a strong buy signal, particularly within moving averages, which project potential upward momentum. The oscillator summary currently signals a slight sell. The Relative Strength Index (RSI) stands at 56.21, indicating a balanced position without overbought or oversold pressures. The Momentum (10) is slightly negative, at -0.000000436, suggesting some short-term selling pressure. However, the Moving Average Convergence Divergence (MACD), though showing a small negative deviation at 0.000000325, is close to a bullish crossover, implying a potential shift toward buying sentiment. In contrast, the moving averages reveal a strong buy…
Filed under: News - @ October 30, 2024 10:25 am