Shiba

Propel

Shiba Inu

Nexo

Coin

Shiba Inu price prediction: SHIB, a popular meme coin, has recently seen a significant uptick in market performance, showcasing a robust surge rally over the past 24 hours. The meme-based <a href="https://coingape.com/price/shiba-inu/">Shiba Inu Coin price</a> breached the resistance level of $0.000028, signifying a strong bullish trend amid market volatility.&nbsp; 
<h2 id="strong-shiba-inu-coin-price-prediction-anticipating-the-next-resistance-breakthrough-strong">Shiba Inu Coin Price Prediction: Anticipating the Next Resistance Breakthrough</h2> 
In the past few hours, Shiba Inu has displayed a significant fluctuation in its market value. After a noticeable dip to $0.0000274, the cryptocurrency saw a sharp increase, peaking at $0.0000294. However, this rally was short-lived, as the price corrected slightly, settling at $0.00002855.&nbsp; 
<figure id="attachment_190438" aria-describedby="caption-attachment-190438" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-190438" src="https://coingape.com/wp-content/uploads/2024/04/Shiba-Inu-Coin-Price-Prediction-e1712593606627.png" alt="Shiba Inu Coin Price Prediction: Will Nexo Listing Propel SHIB To $0.0001 In April?" width="1200" height="554">
 <figcaption id="caption-attachment-190438" class="wp-caption-text">
 Shiba Inu Coin Price Prediction:
 </figcaption>
</figure> 
Despite this volatility, the trading volume surged by 31.59%, indicating a heightened trader interest, which totaled an impressive $752.92 million in trades over the last 24 hours. 
The market capitalization of Shiba Inu experienced a slight decline of 0.68%, bringing it to approximately $16.82B, maintaining its position at 12 in market rankings. The circulating supply of SHIB remains at a vast 589.29 trillion coins, matched closely by its total supply. 
Investors and enthusiasts of the meme-based cryptocurrency remain watchful as these rapid changes unfold, reflecting the dynamic and often unpredictable nature of the cryptocurrency market. 
Over the past week, <a href="https://coingape.com/price-predictions/shiba-inu-shib-price-prediction/">SHIB</a> witnessed a slight increase, with its value surging by more than 2%, trading in the range of $0.000028-$0.000025. Over the past month, the meme coin has experienced a downtrend of 19% after a market pullback of $0.000035, indicating a descending trend. However, with the latest surge, it’s evident that market sentiments could be shifting towards a more bullish outlook, suggesting a potential reversal from the recent bearish trend.&nbsp; 
<h2 id="strong-nexo-s-strategic-listing-a-boon-for-shiba-inu-coin-holders-strong">Nexo’s Strategic Listing: A Boon for Shiba Inu Coin Holders</h2> 
Shiba Inu Coin has achieved a significant breakthrough by being listed on Nexo, a premier international cryptocurrency exchange. This addition provides Nexo users with a wide array of new features for managing their SHIB assets.&nbsp; 
Now, investors can easily buy SHIB using their debit or credit cards, eliminating complex transfer procedures. Moreover, <a rel="nofollow" href="https://nexo.com/">Nexo</a> introduces a novel option for leveraging SHIB as collateral to borrow different cryptocurrencies, offering greater financial flexibility. 
<a href="https://coingape.com/markets/shiba-inu-coin-price-analysis-as-shib-burn-surges-will-it-reach-0-01-amidst-bull-run/">Shiba Inu Coin</a> is encountering a crucial resistance point at $0.000029. Surpassing this level could lead its value to climb towards $0.00005, potentially paving the way for an ascent to the elusive $0.001 mark. 
Conversely, a slide could revert its price to a support figure of $0.000025. If the market sentiment shifts to a more negative outlook, SHIB might retreat to $0.00002 or, worse, drop below $0.000009, signifying a tough period ahead. 
<figure id="attachment_190437" aria-describedby="caption-attachment-190437" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-190437" src="https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28.png" alt="Shiba Inu Coin Price Prediction: Will Nexo Listing Propel SHIB To $0.0001 In April?" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28.png 1154w, https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-190437" class="wp-caption-text">
 Shiba Inu Coin Price Prediction| Source: <a rel="nofollow" href="https://www.tradingview.com/x/7TqGQWYC/">Tradingview</a>
 </figcaption>
</figure> 
The daily technical analysis indicates an optimistic future for SHIB. The Relative Strength Index (RSI) currently stands at a neutral 53, edging closer to an overbought situation. The Average Directional Index (ADX) is recorded at 23.54, emphasizing the current trend’s robustness. 
The post <a href="https://coingape.com/markets/shiba-inu-coin-price-prediction-will-nexo-listing-propel-shib-to-0-0001-in-april/">SHIB Price Analysis: Will Nexo Listing Propel SHIB To $0.0001 In April?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

SHIB Price Analysis: Will Nexo Listing Propel SHIB To $0.0001 In April?

目次

Coingape News Media

2024年4月8日公開の他の記事

Bit2Me, at Paris Blockchain Week, one of the most important crypto events

Cardano Founder Focused On Upgrades While Defending ‘BitBoy’

Toncoin (TON) price hits a new all-time high

WHO Unveils Ethical Framework to Govern AI’s Role in Pharmaceutical Development

Binance Adds Tensor (TNSR) to Its Altcoin Listings

Napoli Upgrade Elevates Ethereum on Polygon, AI Crypto Presale Sparks Investment Frenzy

ニュースレターを購読して暗号資産の最新情報を毎日入手！