Shiba

Baby Shiba

Baby Shiba Inu

Shiba Inu

<p>The current market sentiment appears to be at a critical juncture for Shiba Inu, presenting both potential risks and opportunities for investors. The movements of prominent cryptocurrencies such as Bitcoin and Ethereum often have a significant impact on the broader crypto market.</p> 
<p>Currently, the sentiment across the cryptocurrency market has been largely subdued, highlighted by Bitcoin’s recent drop to a low not seen in over a month.</p> 
<p>During periods of volatility or decline in these leading assets, altcoins like $SHIB may face difficulties gaining momentum. This article will explore $SHIB’s price prediction and assess its potential to achieve a new all-time high.</p> 
<p><iframe title="SHIBA INU PRICE PREDICTION | SHIBA INU NEWS - Will Shiba Inu All Time High?" width="640" height="360" src="https://www.youtube.com/embed/8rKTvqmJpDQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<h2 id="shib-s-oversold-conditions-and-burn-rate-surge-a-bullish-indicator">$SHIB’s Oversold Conditions and Burn Rate Surge – A Bullish Indicator?</h2> 
<p>Shiba Inu has seen a significant increase in its daily burn rate, with over 16.7 million $SHIB tokens burned in the past 24 hours, marking a 139% rise. Despite this considerable increase, $SHIB’s price has only experienced a slight change during this period.</p> 
<p>As of June 23rd, Shiba Inu is priced at $0.0000177, with a 24-hour trading volume of $125.98 million, and has decreased by 1.68% in the last 24 hours. Recently, Shiba Inu’s market capitalization has dropped from $16 billion to around $10 billion, indicating reduced market activity and lower retail engagement.</p> 
<p>The current market is characterized by low trading volumes and a lack of excitement, leading to stagnant price movements. However, the recent dip and oversold conditions suggest a potential bottoming phase, possibly indicating an opportunity for accumulation.</p> 
<p><img decoding="async" class="alignnone size-full wp-image-539188" src="https://insidebitcoins.com/wp-content/uploads/2024/06/shiba-inu-1-day-price-graph.jpg" alt="Shiba Inu 1 Day Price Graph " width="1920" height="1080" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/shiba-inu-1-day-price-graph.jpg 1920w, https://insidebitcoins.com/wp-content/uploads/2024/06/shiba-inu-1-day-price-graph-300x169.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/shiba-inu-1-day-price-graph-1024x576.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/shiba-inu-1-day-price-graph-768x432.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2024/06/shiba-inu-1-day-price-graph-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px"></p> 
<p>Additionally, a bullish signal is emerging—a rebound to the $0.00018 level, coupled with a low Relative Strength Index (RSI) of 28 on the daily chart. Such RSI levels, last seen in October 2023, have historically been followed by significant price recoveries. The market is keeping a close eye on $SHIB’s price for signs of a potential breakout.</p> 
<p>For a more detailed analysis of Shiba Inu’s price prediction, watch the video above and subscribe to his <a href="https://www.youtube.com/@JacobCryptoBury">YouTube channel</a>. Jacob Bury also runs a <a href="https://insidebitcoins.com/visit/jacob-crypto-bury-discord" rel="nofollow">Discord channel</a> with 26,000 members, where he shares trading tips and insights on <a href="https://insidebitcoins.com/buy-cryptocurrency/new-upcoming-icos">upcoming crypto presales</a>.</p> 
<h2 id="conclusion">Conclusion</h2> 
<p>Given the current market conditions and Shiba Inu’s recent performance, it’s uncertain whether $SHIB will reach a new all-time high soon; however, if it can capitalize on its recent burn rate increase and overcome current market stagnation, there may be potential for significant price recovery.</p> 
<p>Despite the downturn in the crypto markets, now is an exciting time for investors to explore opportunities in tokens by checking our guide to the <a href="https://insidebitcoins.com/buy-cryptocurrency/best-cryptocurrency-to-buy">best cryptocurrencies to buy.</a></p> 
<h3 id="related">Related</h3> 
<ul> 
 <li><a href="https://insidebitcoins.com/news/5-best-cheap-crypto-to-buy-under-1-cent-june-22-super-trump-bioqing-shiba-inu">5 Best Cheap Crypto to Buy Under 1 Cent, June 22 – Super Trump, Bioqing, Shiba Inu</a></li> 
 <li><a href="https://insidebitcoins.com/news/shiba-inu-price-plunges-10-despite-skyrocketing-burn-rate-as-investors-shift-to-the-new-brett-on-base">Shiba Inu Price Plunges 10% Despite Skyrocketing Burn Rate As Investors Shift To The New Brett On Base</a></li> 
 <li><a href="https://insidebitcoins.com/news/top-meme-coins-to-invest-in-today-saturday-june-8-toshi-on-base-dogeswap-sealana-baby-shiba-inu">Top Meme Coins To Invest In Today Saturday, June 8 – Toshi on Base, DogeSwap, Sealana, Baby Shiba Inu</a></li> 
 <li><a href="https://insidebitcoins.com/news/why-fight-night-meme-coin-offerings-make-it-poised-to-outperform-shiba-inu-dogecoin-and-dogwifhat">Why Fight Night Meme Coin Offerings Make It Poised to Outperform Shiba Inu, Dogecoin, and dogwifhat</a></li> 
</ul>  
<p>&nbsp;</p>

Shiba Inu Price Prediction – Can $SHIB Recover and Achieve New All-Time Highs?

Table of Contents

Inside Bitcoins

Other articles published on Jun 23, 2024

Ripple’s Legal Outcomes Inject New Dynamics to XRP’s Price Behavior

CYBRO Presale Milestone: Market Excitement Builds for 3,500% Profit Potential

BTC miners offload $2 billion in Bitcoin, holdings at 14-year low

The Secret Coins Essential for Your Financial Future

Rising Altcoins: BlockDAG’s Keynote Propel Valuation Estimates to $30 by 2030, As Filecoin (FIL) ...

EigenLayer Enhances Security for EigenDA Service on Ethereum Mainnet to Prevent Attacks

Join our free newsletter for daily crypto updates!