Shiba Inu Prediction: Will SHIB Token Touch $0.0001 in the Near Future?

Bittime - Shiba Inu will become one of the crypto kings throughout 2024. So, what is the price prediction for Shiba Inu (SHIB) in the near future? Will this meme coin touch the price of $0.0001?

SHIB price skyrocketed after Bitcoin Spot ETF approval and important Shibarium update. SHIB was also unstoppable before finally experiencing a slight correction.

Hthe price has dropped slightly in the last 24 hours. Shiba Inu also experienced a decline of 7.8% in the last seven days. However, the price is still up 4% since the beginning of May. Its market capitalization also jumped to around IDR 222 trillion (13.6 billion US dollars) in the last month.

With the high interest in this dog-themed coin, analysts' predictions are optimistic for SHIB.

Members See Positive Shiba Inu Trends

Technical analysts are seeing a positive triangle pattern on the SHIB chart recently, indicating a potential continued price increase. This pattern indicates investor interest and accumulation in SHIB.

If this triangle pattern persists, the price of SHIB has the potential to jump up to 32% to a level of around IDR 5.76 (0.000036 US dollars).

When this article was written, Shiba Inu was trading at around IDR 0.3 (0.0000231 US dollars). The price is well above the moving average (SMA), a signal that investors generally like.

However, current investor enthusiasm has not been fully matched by trading volume. The decline in trading volume of up to 40% in the last 24 hours is a record in itself. The ideal price increase is usually accompanied by an increase in trading volume.

Even so, investors still seem optimistic about SHIB. Coinbase Futures' support for SHIB futures trading starting on May 30, 2024, as well as plans to launch a Shibarium airdrop in the near future, are believed to be able to spark market enthusiasm again.

With these factors, the opportunity for SHIB to reach a price of IDR 1.6 (0.0001 US dollars) in the near future is not a figment.

Latest Shiba Inu (SHIB) Price Movement

However, it should be noted, the Shiba Inu price corrected by 0.2% in the last 24 hours and is currently trading at around IDR 0.3 (0.000023 US dollars). Even though the long-term trend still looks positive, investors need to pay close attention to daily price movements to make the right investment decisions.

Cara Beli Shiba Inu (SHIB) di Bittime

You can buy and sell Shiba Inu (SHIB) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

Shiba Inu (SHIB) available on Bittime with market pair SHIB/USDT. To be able to buy SHIB USDT Of Bittime Make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Study A complete guide on how to buy a Shiba Inu (SHIB) at Bittime.

Monitor graphic movement price Shiba Inu (SHIB), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.