Market Strategist Says Shiba Inu (SHIB) New All-Time High Is Programmed
Market Performance and Analyst Insights: Shiba Inu (SHIB) is experiencing renewed interest due to analyst YourPOP's comments suggesting a potential new all-time high (ATH) for the token, which is currently trading at $0.00001331, significantly below its previous ATH of $0.00008845.
Ecosystem Development and Future Projections: SHIB's development team is expanding its ecosystem with projects like ShibaSwap and Shibarium, aimed at increasing utility and reducing supply through token burns, while market analysts predict that SHIB could reach between $0.0001 to $0.0003 by the end of 2025 if growth continues.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000296 | 0.00000402 | 0.00000527 | 0.00000633 | 0.00000758 | 0.00000864 | 0.00000989 |
| Fibonacci | 0.00000402 | 0.0000049 | 0.00000544 | 0.00000633 | 0.00000721 | 0.00000775 | 0.00000864 |
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