The cryptocurrency market is known for its volatility, and Shiba Inu (SHIB) is no exception. To predict SHIB's price movement for the next 30 days, let's analyze technical indicators and patterns from the TradingView chart.
Recent Shiba Inu Price Movement
The current price of Shiba Inu (SHIB) is $0.00002190 with a 24-hour trading volume of $639.68 million, a market capitalization of $12.90 billion, and a market dominance of 0.38%. The SHIB price has increased by 1.69% over the past 24 hours. It's notable that Shiba Inu reached its all-time high of $0.00008819 on October 28, 2021, and its all-time low was $0.0000000005637 on November 28, 2020. The price prediction sentiment for Shiba Inu is currently bearish, with the Fear & Greed Index at 62 (Greed).
SHIB Technical Analysis
On the 1-hour chart, Bollinger Bands show SHIB trading near the middle band, indicating reduced volatility. The RSI is near 50.46, signaling a neutral market. On the daily chart, RSI is at 43.31, suggesting mild bearish sentiment. Understanding support and resistance levels like $0.00002100 and $0.00002250 is crucial for predicting price movements.
Potential Scenarios for the Next 30 Days
If SHIB breaks above the $0.00002250 resistance level with significant volume, it could rally towards $0.00002500. Conversely, if the price falls below the $0.00002100 support level, further declines to $0.00002000 are possible. A consolidation scenario is also likely between $0.00002100 and $0.00002250, as traders await external signals.
SHIB's price movement over the next 30 days will heavily depend on market sentiment, volume, and key technical levels. Watch the $0.00002100 support and $0.00002250 resistance for early signs of the next move.
