Shiba

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Bitcoin

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Shiba Inu

<img width="2710" height="1454" src="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49.png" class="attachment-full size-full wp-post-image" alt="Shiba Inu price prediction" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49.png 2710w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
Shiba Inu price prediction: SHIB like many altcoins is fighting to keep going upwards, especially with support at $0.00001 steady. As the first spot exchange-traded funds (ETFs) approach in the US, investors would be considering booking profits in Bitcoin and circling them into altcoins ahead of the next altcoin season. 
<h2 class="p1" id="shiba-inu-price-prediction-what-s-next-as-shib-upholds-support">Shiba Inu Price Prediction: What’s Next As SHIB Upholds Support</h2> 
Shiba Inu sits on top of a robust support at $0.00001 which bulls must continue to protect to prevent losses trimming gains over the last three months. 
However, SHIB’s movement is capped at $0.000011 on the upside, not to mention the resistance at $0.000013 and $0.000015. 
The Moving Average Convergence Divergence (MACD) indicator signals the possibility of a trend reversal, as a sell signal beckons in the upcoming sessions. 
Before considering entering short positions in Shiba Inu, traders must ensure&nbsp;<a href="https://www.coingecko.com/en/coins/shiba-inu">Shiba Inu</a>&nbsp;is falling below the crucial $0.00001 support and that the blue MACD line crosses below the red signal line. The momentum indicator should also be sliding toward the neutral area and into the negative region. 
<figure id="attachment_170639" aria-describedby="caption-attachment-170639" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-170639" src="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49.png" alt="Shiba Inu price prediction" width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49.png 2710w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-21_20-04-49-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-170639" class="wp-caption-text">
 Shiba Inu price prediction | Tradingview
 </figcaption>
</figure> 
Key factors to consider when entering long positions in SHIB are first the confirmation for support at $0.00001. Secondly, the bearish outlook in the MACD must give way to a buy signal and thirdly&nbsp;<a href="https://coingape.com/price/shiba-inu/">Shiba Inu price</a>&nbsp;should at least break above the short-term resistance at $0.0000105. 
Recommended for you:&nbsp;<a href="https://coingape.com/markets/crypto-price-prediction-today-december-21-btc-bonk-mina/">Crypto Price Prediction December 21: BTC, BONK, MINA</a> 
Bullish crossovers from the moving averages starting with the 20-day Exponential Moving Average (EMA) (in blue) moving above the 200-day EMA (in purple) on December 4 and the 50-day EMA (in red) flipping above the 200-day EMA back the potential uptrend in SHIB. 
Caution should also be exercised, keeping in mind the negative sentiment from the Relative Strength Index (RSI), which has been falling from highs of 75 in early December to 56 on December 21. 
Investors deliberating between meme coins Shiba Inu and Dogecoin are at liberty to choose either of the two, considering they have achieved the same growth potential with a 125% return on investment since January 1. 
<figure id="attachment_170638" aria-describedby="caption-attachment-170638" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-170638" src="https://coingape.com/wp-content/uploads/2023/12/chart-2-1.png" alt="SHIB vs. DOGE price chart&nbsp;" width="1200" height="800" srcset="https://coingape.com/wp-content/uploads/2023/12/chart-2-1.png 1200w, https://coingape.com/wp-content/uploads/2023/12/chart-2-1-300x200.png 300w, https://coingape.com/wp-content/uploads/2023/12/chart-2-1-768x512.png 768w, https://coingape.com/wp-content/uploads/2023/12/chart-2-1-150x100.png 150w, https://coingape.com/wp-content/uploads/2023/12/chart-2-1-272x182.png 272w" sizes="(max-width: 1200px) 100vw, 1200px">
 <figcaption id="caption-attachment-170638" class="wp-caption-text">
 SHIB vs. DOGE price chart
 </figcaption>
</figure> 
With Shiba Inu search trends dropping drastically in the last 30 days from a December high of 100 to the current 43, it might be prudent to consider diversifying the portfolio to include other assets as a way of mitigating risk. 
<h3 class="p1" id="related-articles">Related Articles</h3> 
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The post <a href="https://coingape.com/markets/shiba-inu-price-prediction-can-0-00001-support-thrust-shib-to-0-00002/">Shiba Inu Price Prediction: Can $0.00001 Support Thrust SHIB To $0.00002?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Shiba Inu Price Prediction: Can $0.00001 Support Thrust SHIB To $0.00002?

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