Shiba

Kusama

Shiba Inu

Coin

Gains

Shiba Inu Coin price prediction: SHIB, a meme-based <a href="https://coingape.com/make-money-with-cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a>, has experienced a notable rebound in the past 24 hours. The meme coin price, following a consistent upward trend, is exhibiting bullish signals across the trading board. During US trading hours, the<a href="https://coingape.com/price/shiba-inu/" rel="noopener noreferrer nofollow"> Shiba Inu price</a> hovered at $0.00001559, making a surge of 12%. 
According to <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap data</a>, Shiba Inu’s current market capitalization is $9 billion, making it the 13th largest cryptocurrency. This resurgence in value is coupled with a significant increase in trading volume, up by 26% within the same period to $359 million.&nbsp;
<h2 id="span-style-font-weight-400-shiba-inu-coin-price-forecast-bullish-signals-suggest-further-gains-span">Shiba Inu Coin Price Forecast: Bullish Signals Suggest Further Gains</h2>
The <a href="https://coingape.com/meme-coin/" rel="noopener noreferrer nofollow">meme coin</a> Shiba Inu saw a notable surge in value, reversing its recent downtrend after it dipped to a low of $0.0000127 on Friday. The momentum remains strong as of the latest updates, suggesting further potential for gains. This recovery mirrors a slight bullish shift observed across the cryptocurrency spectrum.
<figure id="attachment_206302" aria-describedby="caption-attachment-206302" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-206302" src="https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_18-13-21.png" alt="Shiba Inu Coin Price Forecast: What Next For Meme Coin, Can It Break $0.00003 Soon?" width="1228" height="649" srcset="https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_18-13-21.png 1228w, https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_18-13-21-300x159.png 300w, https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_18-13-21-1224x647.png 1224w, https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_18-13-21-768x406.png 768w, https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_18-13-21-150x79.png 150w" sizes="(max-width: 1228px) 100vw, 1228px">
 <figcaption id="caption-attachment-206302" class="wp-caption-text">
 Shiba Inu Coin Price Forecast
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Over the last week, Shiba Inu experienced minimal fluctuations, reflecting a broader market slump. This period of limited movement is pivotal for its trajectory. Recently, the cryptocurrency market registered an 8% decline, contributing to substantial losses across various digital currencies, with a notable 38% decrease this month. Currently, the Shiba Inu market is showing signs of recovery.
<h2 id="span-style-font-weight-400-shytoshi-kusama-announounces-next-visit-to-mumbai-span">Shytoshi Kusama Announounces Next Visit to Mumbai</h2>
<a href="https://coingape.com/shiba-inu-lead-shytoshi-kusama-confirms-india-visit-what-in-store/" rel="noopener noreferrer nofollow">Shiba Inu</a> chief developer, <a href="https://coingape.com/shiba-inu-exec-highlights-bone-perpetual-listing-canada-will-price-rally/" rel="noopener noreferrer nofollow">Shytoshi Kusama</a>, recently shared that his next visit will be to Mumbai, India. This revelation comes after a stirring presentation at the IVS Conference in Kyoto, Japan. In his inaugural public appearance, Kusama drew significant attention from the SHIB Army.&nbsp;
His announcement has sparked enthusiasm within India’s Shiba Inu followers. Reflecting on the successful Kyoto event, Kusama expressed his gratitude to X, stating, “Thank you, Kyoto! Great event @IVS_Official! Next stop… Mumbai!” This move indicates another likely surge of excitement among the community in Mumbai’s vicinity.
<a href="https://coingape.com/price-predictions/shiba-inu-shib-price-prediction/" rel="noopener noreferrer nofollow">Shiba Inu Coin price prediction</a> is currently at a critical juncture, poised just below the resistance level of $0.000017. If momentum swing in its favor, <a href="https://coingape.com/blog/shiba-inu-shib-price-set-for-a-bull-run/" rel="noopener noreferrer nofollow">SHIB</a> could break past this threshold. This could propel its price towards $0.00002 and potentially even $0.00003, signaling a robust bullish trend for the cryptocurrency.
However, if SHIB struggles to overcome this barrier, a decline to $0.000015 might be imminent. Further bearish sentiment could push its value down to $0.000014. In a more severe downturn, the price could drop below $0.00001.&nbsp;
<h2 id="span-style-font-weight-400-technical-analysis-shows-potential-for-further-price-surge-span">Technical analysis shows potential for further price Surge.</h2>
The 4-hour technical indicators for the Shiba Inu cryptocurrency on the Coinbase exchange indicate a recovery after a decline. The Moving Average Convergence Divergence (MACD) has just seen its MACD line cross above the signal line, suggesting a bullish reversal could be on the horizon.
<figure id="attachment_206301" aria-describedby="caption-attachment-206301" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-206301" src="https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_17-16-19.png" alt="Shiba Inu Coin Price Forecast: What Next For Meme Coin, Can It Break $0.00003 Soon?" width="1228" height="649" srcset="https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_17-16-19.png 1228w, https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_17-16-19-300x159.png 300w, https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_17-16-19-1224x647.png 1224w, https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_17-16-19-768x406.png 768w, https://coingape.com/wp-content/uploads/2024/07/SHIBUSD_2024-07-06_17-16-19-150x79.png 150w" sizes="(max-width: 1228px) 100vw, 1228px">
 <figcaption id="caption-attachment-206301" class="wp-caption-text">
 Shiba Inu Coin Price Forecast| Source: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/JUFZJVHl/">TradingView</a>
 </figcaption>
</figure>
The Relative Strength Index (RSI) stands at 50, marking a neutral position. The Awesome Oscillator, shown in green and red bars, shifts from a bearish to a bullish momentum as the bars turn green. Meanwhile, the Average Directional Index (ADX), currently at 35.78, suggests a strong trend, emphasizing the increased market activity around SHIB.
The post <a href="https://coingape.com/markets/shiba-inu-coin-price-forecast-what-next-for-meme-coin-can-shib-break-0-00003-soon/" rel="noopener noreferrer nofollow">Shiba Inu Coin Price Forecast: What Next For Meme Coin, Can SHIB Break $0.00003 Soon?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Shiba Inu Coin Price Forecast: What Next For Meme Coin, Can SHIB Break $0.00003 Soon?

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