Shib has bounced back from a strong support zone and this rally could extend further. But, How much? and what can be the next target.
In this article, we will look at shiba inu next target by looking at price chart and technicals.
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Shiba Inu Next Target
- Price: $0.00001304
- 24-Hour Price Change: -0.03622%
- Intraday High: $0.00001376
- Intraday Low: $0.00001280
Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, which could signal at least a temporary bullish trend reversal with+20% upside potential to $0.000015 resistance. Stop Loss at $0.00000105.
Technical Indicators
- Relative Strength Index (RSI): 42.83 (Neutral)
- Moving Averages:
- 50-day SMA: $0.000014 (Sell)
- 200-day SMA: $0.000019 (Sell)
- Market Sentiment: Bearish, with 80% of indicators signaling a negative outlook
- Fear & Greed Index: 30 (Fear), indicating a cautious investor sentiment
Recent Performance
- 30-Day Performance: Shiba Inu has experienced a -20.24% decline over the past 30 days.
- 3-Month Performance: The cryptocurrency has seen a -50.10% decrease over the last three months.
- 1-Year Performance: Over the past year, SHIB has declined by -47.19%.
Price Predictions
- March 2025: Projected minimum price of $0.00000957, average price of $0.0000131, and maximum price of $0.0000121.
- December 2025: Forecasted minimum price of $0.000020, average price of $0.000020, and maximum price of $0.000023.
Also Read, When Will Shiba Inu Reach $1?
Technical Overview
- Trend: Short-term trend is Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
- Momentum: Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $0.000012, then $0.00001. Nearest Resistance Zone is $0.000015, then $0.000021.
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