$SHIB Price Action, will it be as wild as last bull?

October 9, 2023

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Are you ready to dive into the world of Shiba Inu ($SHIB), the memecoin sensation that’s as mysterious as a ninja cat? Well, get your funny bone ready because we’re about to break down the Shiba Inu situation without making your brain do gymnastics!

  1. Shiba Inu’s Wild Ride

Okay, so Shiba Inu’s price prediction? Well, it’s kind of like a cat chasing its tail – stuck in a horizontal range, going round and round. No fancy moves here, folks!

  1. The Moving Averages Party

Now, Shiba Inu’s coin price is playing hide and seek with some numbers – the 20, 50, 100, and 200-days daily moving averages. It’s like it’s ducking and dodging, trying to keep a low profile.

  1. The Decline Rollercoaster

Shiba Inu cryptocurrency has had a bit of a tough year, down about 10.67% since the clock struck midnight on New Year’s Eve. It’s like it partied too hard on December 31st and is still recovering.

$SHIB Breakout Dreams and Trading Volume Drama

Now, the Shiba Inu price prediction says there’s hope for a breakout, but there’s a catch – buyers need to step up their game. It’s like the $SHIB coin is waiting for the bus at the upper limit of the consolidation phase.

So, it all started back in August when SHIB was at $0.00000848, but then it got stuck in a range between $0.00000758 and $0.00000704. It’s like it entered a super exclusive club and forgot how to get out!

But here’s the good news: trading volume is picking up, like someone yelled, “Last call at the crypto bar!” It’s like $SHIB coin is getting ready to break free from its cage at $0.00000759.

You can leverage Trade $SHIB on Bybit, or you can spot Buy it on Binance.

Intraday Intrigue

So, on one fine day, Shiba Inu’s price was chilling at $0.00000721, and the market capitalization had a little glow-up of 0.84% intraday. Oh, and the trading volume got its groove on with an 8% increase. Buyers are like party animals here!

The volume to market cap ratio was 1.53%, which basically means folks are buzzing around this coin like bees to honey.

Will SHIB Break Free?

$SHIB Price on Tradingview

Now, the Shiba Inu price prediction is throwing some shade. SHIB is struggling to break out of its horizontal range-bound area, and the volume is acting like it’s on vacation.

Plus, SHIB’s price is doing the limbo dance below its daily moving averages – 20, 50, 100, 200. That’s a lot of numbers to be beneath, isn’t it? It’s like $SHIB is playing hide and seek and hasn’t found a good hiding spot yet.

Ups and Downs in $SHIB’s Life

Over the past week, SHIB’s price dropped by about 1.50%. It’s like it’s on a seesaw, going up and down for fun.

Last month, $SHIB took a vacation from its high-energy lifestyle and had a 5.88% decrease. Maybe it just needed a break!

And if we zoom out a bit, over three months, SHIB lost about 1.64%. But wait for it, in the last six months, it took a nosedive, losing 33.70%. Ouch! Year to date, it’s down around 10.67%. Looks like SHIB had its ups and downs this year, literally!

The Technical Side of Things

Now, let’s dive into some tech stuff. The Relative Strength Index (RSI) is like the mood ring of SHIB crypto, and it’s saying, “I’m feeling kinda neutral.” RSI was at 42, moving towards a chill state.

Investors, you’ll have to sit tight until $SHIB crypto price decides to go on an adventure towards the upper limit of the consolidation phase. It’s like waiting for your favorite TV show to release a new season – patience is key!

Wrap it Up

So, there you have it, the Shiba Inu saga in a nutshell! It’s been a wild ride, and SHIB coin is eyeing that breakout like a cat eyeing a laser pointer. But remember, the crypto world is a rollercoaster, so buckle up and enjoy the ride!

Technical Levels

  • Support Levels: $0.00000712 and $0.00000705
  • Resistance Levels: $0.00000740 and $0.00000760

When $SHIB Airdrop?

There are always promotions and Airdrops surrounding Shiba Inu. And this week we listed a new one.

Koinpark, an exchange founded in 2020, is airdropping 100,000 $SHIB tokens for every verified sign-up. You can also earn more $SHIB if you refer your friends.

You can find more information on how to claim your free $SHIB airdrop on our listing page.

Disclaimer

Now, before you go all in on $SHIB, here’s the deal – what we just talked about is for giggles and entertainment. It’s not financial advice, and investing in crypto is like taming a wild beast. There’s risk involved, so be wise, be safe, and maybe keep some treats handy for your inner Shiba Inu!

If you enjoyed this blog have a look at our last 2 token updates on $MATIC and $LOOKS

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