April

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The bounce back may have finished on the cryptocurrency market, according to <a href="https://u.today/btc-eth-and-xrp-price-prediction-for-april-15" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="333ede8a-6499-46d0-811c-fba3566927eb" src="https://u.today/sites/default/files/inline-images/top10_1058.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
The rate of SHIB has declined by 2.49% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="9d69dd7e-8dcd-47a3-a3c7-29a0ee03523a" src="https://u.today/sites/default/files/inline-images/shib1_73.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's fall, the price of SHIB is looking bullish on the hourly chart as it is trading near the local resistance.&nbsp;
If buyers can hold the gained initiative, there is a chance to see a breakout, followed by a move to the $0.000023 zone. <img data-entity-type="file" data-entity-uuid="671894fd-070a-4e66-ae1c-0ad4126d97c6" src="https://u.today/sites/default/files/inline-images/shib2_70.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the situation is neutral as the rate of SHIB keeps accumulating energy. As none of the sides is dominating, consolidation in the area of $0.000020-$0.000024 is the more likely scenario until the end of the week. <img data-entity-type="file" data-entity-uuid="64e073e4-858e-499f-b23f-798bf12d3a88" src="https://u.today/sites/default/files/inline-images/shib3_76.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the picture is quite similar. The volatility has declined, confirming the absence of buyers' and sellers' strength. Traders may expect sideways trading around current prices within the next few days.
SHIB is trading at $0.00002216 at press time.

SHIB Price Prediction for April 16

Table of Contents

U_Today

Other articles published on Apr 16, 2024

Condo Launches on Base Chain: World’s First RWA Meme Token with Innovative Treasury Strategy

Memes Uprising Continues with Koala Coin (KLC), Dogecoin (DOGE) and Shiba Inu (SHIB) Seeing Huge ...

Crypto News: Kelexo (KLXO) Lending Sensation Take Huge UNUS SED LEO (LEO) & Aptos (APT) Investmen...

Bybit Predicts Bitcoin Shortage on Exchanges within Nine Months

Verasity Price Prediction 2024-2030: Could VRA Price Exceed $1?

'Bitcoin Is Just An Extractive Bubble,' Says Portfolio Manager, As Blackrock's Acceptance Fails T...

Join our free newsletter for daily crypto updates!