Shiba Inu Price Prediction as SHIB Rallies 6% in 24 Hours – $10 SHIB Possible?
SHIB has bounced by a healthy 6.5% today, with the Shiba Inu price reaching $0.00003358 as the crypto market enjoys a 2% rise in the past 24 hours.
The famous meme token is now up by 156% by in the past week and by 280% in the last 30 days, benefitting hugely from the recent bullish turn the market has taken.
It’s likely to continue rising in parallel with the wider market, which is expecting further gains as we approach the next Bitcoin halving.
And given SHIB’s relatively strong fundamentals for a meme token, it could easily outperform its peers in the coming weeks.
It seems that SHIB is ready to resume the rally it had begun last week, following a brief dip earlier this week.
Its relative strength index (purple) has begun rising again today after dropping from 95 to about 80 over the past few days, signaling that momentum remains very strong.
SHIB’s 30-day moving average (yellow) is also on the warpath, given that it’s rising very aggressively at the moment and climbing further beyond the 200-day (blue).
This is a clear sign that the meme token is in the middle of a big growth spurt, one which could continue for several weeks if not months, give or take the odd profit-taking dip.
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