The Shiba Inu ecosystem is all set to take a significant step with the announced update to its Shibarium blockchain. This update is designed to further improve decentralization, that would solidify the team’s long-term goal of utility and resilience in the DeFi space. However, a mixed response to this upgrade by the crypto community has left SHIB holders and traders in a dilemma about the SHIB price future. In this SHIB price analysis we outline the short-term price targets of this memecoin.
SHIB price is currently changing hands at $0.00001543, with a daily gain of 1.01%, 2.66% weekly spike, and a notable 12.4% monthly spike. Successively, on the 4-hour chart, the momentum has helped it break out of the falling wedge pattern, a technical indicator that often precedes a bullish price action.
Over the past 24 hours, SHIB’s price has ranged from the lows of $0.00001507 to a high of $0.00001601, with an intraday trading volume of $390.45 million. Increasing investor interest and continued bullish momentum could help SHIB test the $0.00002 resistance level in the near term. Should the rally sustain and volume increase, a further push toward the $0.00003 mark will be on the cards.
Conversely, if SHIB fails to maintain above the $0.000015 level, it could revisit the immediate support near $0.0000145. However, the breakout from the wedge pattern limits the likelihood of a deeper pullback for now.
Read our Shiba Inu (SHIB) Price Prediction 2025, 2026-2030 for long-term price targets!
SHIB’s price is climbing due to a bullish technical breakout and rising investor optimism.
Shiba Inu (SHIB) price is currently at $0.00001543, while recording an intraday gain of 1.01%.
While technical indicators are bullish, investors should consider market conditions and their risk tolerance before marking a position.
Avalanche (AVAX), a renowned blockchain platform, is currently trading at $24.81, reflecting a modest 8.7%…
When there’s an altcoin bull market, returns can be astronomical if you position yourself with…
The Ripple price is under pressure after reports revealed that crypto whales dumped over 60…
Solana (SOL) and SUI have experienced impressive market growth, each carving out its place with…
Altcoin investors are turning their attention to key players showing strong momentum as the crypto…
Meme coin traders are watching closely as Salamanca (DON) continues to gain attention. Following its…
