Shiba Inu Price Prediction: SHIB Surges 7% As Investors Flock To This Dogecoin 2.0 For Last Chance To Buy

The Shiba Inu price rose 7% in the last 24 hours to trade at $0.00002995 as of 03:51 a.m. EST on trading volume that surged 42% to $2.2 billion.

This comes as SHIB finally conquered the $0.00003 price threshold. The Shiba Inu price has gained 211% in a span of 30 days and still shows signs of rebounding back to the yearly high of $0.00004563 that was recorded on March 5.

Shiba Inu Price Looks To Breach 2-Week High At $0.000037

Shiba Inu Price Chart Analysis Source: Tradingview.com
SHIBUSD Chart Analysis Source: Tradingview.com

The Shiba Inu price had massive gains in March, soaring through a markup phase, only to experience a resistance around the $0.00004568 threshold. The rejection around this level allowed for a retracement to occur, which followed the phase of bearish sentiment in the wider market.

SHIB bulls have found support around the $0.000020 lower spectrum to push the price higher above the falling wedge pattern. The recent market recovery has provided strength for the bullish momentum.

Shiba Inu is trading well above the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the bullish momentum to the upside.

Additionally, the Relative Strength Index (RSI) is also rebounding from the 50-midline level at 56, which coincides with the SHIB price breaking out above the upper boundary of the falling wedge pattern.

Moreover, the Moving Average Convergence Divergence (MACD) also posits a bullish sentiment, as the moving average line (blue) crosses above the signal line (orange), which represents a bullish crossover.

The green bars on the histogram also support bullish momentum, as they extend above the neutral line to suggest that SHIB is currently on a positive momentum.

Shiba Inu Price Prediction – $0.00004 In Sight

The Shiba Inu price Analysis shows a bullish bias, as the SHIB bulls aim to catapult the price higher above the immediate resistance zone at $0.000032 to a target of $0.000040.

Overall, the MACD and the RSI provide a bullish prospect for optimistic investors, who could add to their buys, possibly soaring the price even higher. Additionally, the 50-day SMA trades above the 200-day SMA, forming a golden cross at $0.000010, which shows that SHIB is poised for higher positions.

Conversely, if the bears continue exerting more pressure, the price could retrace, with the bulls retreating to $0.000025, which acts as a cushion against downward pressure.

As the SHIB bulls prepare for a rally, investors can also consider Dogecoin20, an alternative dog-themed token that is gearing up for its launch on April 20th after an incredible presale that sold out in less than 2 weeks with $10 million raised.

99Bitcoins, a popular YouTube channel, believes that Dogecoin20 is among the top five crypto picks right now with the potential to surge 100X on launch.

Dogecoin20: Best Alternative To Buy Now

Dogecoin20 (DOGE20) is an upgraded version of Elon Musk’s favorite DOGE meme coin and analysts say it might be set for greater success than predecessors including Shiba Inu and even Dogecoin itself.

The project aims to be a greener version of Dogecoin, and says it aims to “Do Only Good Everyday.”

Buy Now Before Doge Day, Stake For 98% Annual Rewards

The project also enables on-chain staking for holders, which provides passive income options for regular investors. You can stake your $DOGE20 tokens and earn an impressive annual percentage yield (APY) of 98%.

Dogecoin20 has already set 15% of its 140 billion total token supply as staking rewards, to be distributed over 2 years.

April 20th is designated as International Doge Day, as it is believed to be Elon Musk’s favorite day. The team will conveniently launch Dogecoin20 that day, which offers a timely opportunity for investors to join now before the market excitement peaks.

To participate in the action, you have the option to acquire DOGE20 tokens for $0.00022 each through the official website. You can make payments using ETH, USDT, or a bank card. 

With the development team extending the presale for one last chance to buy, interested investors should act fast because the extension might end at any moment.

Related News

  • 🚀 Dogecoin Price Prediction: Will DOGE Reach $1 in 2024? 🐶💰
  • 10+ Best Crypto Airdrops for Investors
  • 🚀🌕 Best Web3 Crypto Projects: Top Picks for Investing in Decentralized Future 🌐💰

Comments

Post a Comment

Popular posts from this blog

Tax Strategy for XRP: Lawyer Urges Caution Before Dipping for Altcoins

Jeremy Hogan advises crypto holders to be cautious of crypto tax as they optimize for profit in the bull run. He pointed out the tax advantages of not liquidating XRP held for over a year. Per the lawyer, long-term capital gains incur a lower 15% tax rate than the higher 30% rate for short-term gains. Prominent legal expert Jeremy Hogan, Partner at ‘Hogan & Hogan’ has offered counsel to crypto holders, urging caution in the disposition of their XRP assets. In a recent post on X, Hogan shared guidance with crypto investors looking to maximize their tax efficiency amid the anticipated crypto bull market. The lawyer’s counsel targeted crypto enthusiasts based in the United States. He advised considering the tax obligation on their crypto investment from the angle of the duration of the token holdings. Hogan pointed out that maintaining a token for over a year could result in a more advantageous tax scenario. He noted that long-term capital gains, applicable ...
Read more

Bitbot gears up for presale amid uncertainty ahead of first BTC options expiry post ETF approval

BTC options expiry reveals short-term volatility post ETF approval. Bitbot’s presale on Jan 17 promises unprecedented excitement with self-custodial solutions. With a total supply of 1 billion tokens, Bitbot aims for a $1B market cap and top listings. As 2024 signals the potential start of a new bull run, the crypto market is buzzing with excitement. The recent Bitcoin ETF approval sparks short-term volatility, while Bitbot, a revolutionary Telegram trading bot, gears up for its token presale on January 17. In this article, we delve into the first anticipated Bitcoin options expiry post Bitcoin ETF approval and the upcoming Bitbot presale , exploring the potential for exhilarating opportunities in the evolving crypto landscape. First BTC Options expiry post Bitcoin ETF approval The approval of the Bitcoin Spot ETF on Wall Street has set the stage for unprecedented market movements. Despite the historical significance, Bitcoin’s price exhibit...
Read more

MicroStrategy’s Saylor Sells $216M of His Shares to Buy More Bitcoin

MicroStrategy’s executive chairman, Michael Saylor, is selling $216 million worth of company shares. Saylor plans to use the proceeds to expand his personal Bitcoin holdings. The sell-off began with 5,000 shares on January 2, with 5,000 shares scheduled to be sold every trading day for the next four months. MicroStrategy‘s executive chairman, Michael Saylor, has begun selling $216 million worth of his shares in the company. The decision reveals Saylor’s intention to utilize part of the proceeds to expand his personal Bitcoin holdings. Saylor, a prominent advocate for cryptocurrency adoption, unveiled this plan in a filing with the U.S. Securities and Exchange Commission (SEC). The regulatory filing reveals that Saylor is selling 315,000 MicroStrategy shares acquired via stock options. 310,000 of these were granted in 2014 and are set to expire in April of this year. Saylor has already begun the sell-off, initiating the process with the sa...
Read more